Bank Aljazira posts 97% slump in 2020 net profit to SAR 33.8 mln

15/02/2021 Argaam Exclusive

Bank Aljazira reported a net profit of SAR 33.8 million in 2020, a plunge of 97% from SAR 991 million in 2019.

 

The bank attributed the profit drop to a 75% increase year-on-year (YoY) in operating expenses.

 

The higher operating expenses were mainly driven by an increase in net impairment charge for expected credit losses. Salaries and employee-related expenses and depreciation and amortization expenses also increased against a decrease in other operating expenses and other general and administrative expenses.



Financials (M)

Item 2019 2020 Change‬
Net Special Commission Income 2,052.16 2,390.34 16.5 %
Operating Income 2,977.16 3,287.12 10.4 %
Total Provisions (156.95) (1575.74) (904.0 %)
Net Income 991.02 33.75 (96.6 %)
Average Shares 1,025.00 1,025.00 -
EPS (Riyals) 0.97 0.03 (96.6 %)

In Q4 2020, the bank swung to a net loss of SAR 495.2 million against a net profit of SAR 247.3 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Net Special Commission Income 543.14 631.80 16.3 %
Operating Income 817.31 916.94 12.2 %
Debt Provisions (77.78) (1100.67) (1,315.2 %)
Net Income 247.33 (495.22) (300.2 %)
Average Shares 1,025.00 1,025.00 -
EPS (Riyals) 0.24 (0.48) (300.2 %)

Balance Sheet (B)

Item 2019 2020 Change‬
Assets 86.54 92.09 6.4 %
Customer Deposits 62.70 68.00 8.5 %
Loan 49.66 53.96 8.7 %

View other reports

Share Price

Bank Aljazira
16.54
(0.10) (0.60 %)

Bank Aljazira (BJAZ)

More


Financial Ratios
Current
Market Cap (M Riyal) 16,953.50
Shares Outstanding ((M)) 1,025.00
EPS ( Riyal) (TTM) 1.20
EPS Diluted ( Riyal) (TTM) 1.01
Book Value (BV) ( Riyal) 13.18
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 14.32
P/E (TTM) 13.78
Price/book 1.25
Return on Average Assets (%) (TTM) 0.9
Return on Average Equity (%) (TTM) 9.5
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request