Bank Albilad’s net profit more than doubled year-on-year (YoY) to SAR 1.24 billion for the fiscal year 2019, driven by a 15.5% rise in operating income, net income from investment and financing activities, investment gains, other income and dividend income.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 2,164.23 | 2,823.76 | 30.5 % |
| Operating Income | 3,416.02 | 3,945.35 | 15.5 % |
| Total Provisions | (490.45) | (543.09) | (10.7 %) |
| Net Income | 612.71 | 1,243.74 | 103.0 % |
| Average Shares | 1,250.00 | 1,250.00 | - |
| EPS (Riyals) | 0.49 | 0.99 | 103.0 % |
In Q4 2019, the bank reported a net profit of SAR 327.1 million.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 602.46 | 771.12 | 28.0 % |
| Operating Income | 902.12 | 1,041.04 | 15.4 % |
| Debt Provisions | (111.95) | (139.70) | (24.8 %) |
| Net Income | (136.32) | 327.15 | 340.0 % |
| Average Shares | 1,250.00 | 1,250.00 | - |
| EPS (Riyals) | (0.11) | 0.26 | 340.0 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 728.59 | 771.12 | 5.8 % |
| Operating Income | 1,023.65 | 1,041.04 | 1.7 % |
| Debt Provisions | (140.75) | (139.70) | 0.8 % |
| Net Income | 326.63 | 327.15 | 0.2 % |
| Average Shares | 1,250.00 | 1,250.00 | - |
| EPS (Riyals) | 0.26 | 0.26 | 0.2 % |
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | 73.64 | 86.00 | 16.8 % |
| Customer Deposits | 57.18 | 67.11 | 17.4 % |
| Financing Investments | 50.59 | 59.29 | 17.2 % |
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