Bank Albilad posts SAR 1.2 bln profit in FY19

05/02/2020 Argaam Exclusive

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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.

Financials (M)

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.

Current Quarter Comparison (M)

Compared With The

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 %

Balance Sheet (B)

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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