Riyad Bank H1 2022 net profit up 10% to SAR 3.164 bln; Q2 rises 7% to SAR 1.611 bln

Riyad Bank posted a net profit of SAR 3.164 billion for the first half of 2022, a rise of 10% from SAR 2.865 billion in the prior-year period.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Net Special Commission Income	4,241.83	4,528.61	6.8 %
Operating Income	5,801.92	6,332.00	9.1 %
Total Provisions	(478.72)	(449.18)	6.2 %
Net Income	2,865.22	3,163.82	10.4 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.96	1.05	10.4 %
EPS Diluted (Riyals)	0.96	1.04	8.3 %

The profit growth was mainly due to an increase in total operating income, higher fee and commission income, as well as foreign exchange income. On the other hand, there was a drop in gains from non-trading investments, dividend income and other operating income.

The second-quarter net profit grew by 7% to SAR 1.611 billion, from SAR 1.511 billion a year earlier, backed by a rise in total operating income, fee and commission income, as well as foreign exchange income.

Compared to Q1 2022, the second-quarter net profit grew 3.8% from SAR 1.552 billion.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Net Special Commission Income	2,146.02	2,396.73	11.7 %
Operating Income	2,978.09	3,230.47	8.5 %
Debt Provisions	(229.32)	(301.53)	(31.5 %)
Net Income	1,511.60	1,611.23	6.6 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.50	0.54	6.6 %
EPS Diluted (Riyal)	0.50	0.53	6.0 %

Item	Q1 2022	Q2 2022	Change‬
Net Special Commission Income	2,131.88	2,396.73	12.4 %
Operating Income	3,101.53	3,230.47	4.2 %
Debt Provisions	(147.66)	(301.53)	(104.2 %)
Net Income	1,552.59	1,611.23	3.8 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.52	0.54	3.8 %
EPS Diluted (Riyal)	0.51	0.53	3.9 %

Balance Sheet (B)

Item	6m 2021	6m 2022	Change‬
Assets	317.27	357.95	12.8 %
Customer Deposits	202.45	237.48	17.3 %
Loan	204.74	239.65	17.1 %

Total shareholders’ equity, after minority interest, reached SAR 46.636 billion as of June 30, 2022, compared with SAR 44.551 billion a year earlier.

Net impairment charges for credit losses in the six-month period stood at SAR 608 million, compared to SAR 550 million in the corresponding period of 2021.

View More Financial Results

View other reports

Share Price

Riyad Bank (RIBL)

	Current
Market Cap (M Riyal)	79,800.00
Shares Outstanding ((M))	3,000.00
EPS ( Riyal) (TTM)	3.01
EPS Diluted ( Riyal) (TTM)	2.91
Book Value (BV) ( Riyal)	18.86
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	8.85
P/E (TTM)	8.85
Price/book	1.41
Return on Average Assets (%) (TTM)	2.2
Return on Average Equity (%) (TTM)	16.8

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

Riyad Bank H1 2022 net profit up 10% to SAR 3.164 bln; Q2 rises 7% to SAR 1.611 bln

Financials (M)

Current Quarter Comparison (M)

Balance Sheet (B)

View other reports

Share Price

Riyad Bank (RIBL)

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us