Riyad Bank posted a net profit of SAR 1.553 billion for Q1 2022, a rise of 15% compared with SAR 1.354 billion from the prior-year period.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Net Special Commission Income | 2,095.80 | 2,131.88 | 1.7 % |
| Operating Income | 2,823.83 | 3,101.53 | 9.8 % |
| Debt Provisions | (249.40) | (147.66) | 40.8 % |
| Net Income | 1,353.62 | 1,552.59 | 14.7 % |
| Average Shares | 3,000.00 | 3,000.00 | - |
| EPS (Riyals) | 0.45 | 0.52 | 14.7 % |
| EPS Diluted (Riyal) | 0.45 | 0.51 | 13.3 % |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Net Special Commission Income | 2,069.63 | 2,131.88 | 3.0 % |
| Operating Income | 2,949.34 | 3,101.53 | 5.2 % |
| Debt Provisions | (243.52) | (147.66) | 39.4 % |
| Net Income | 1,617.36 | 1,552.59 | (4.0 %) |
| Average Shares | 3,000.00 | 3,000.00 | - |
| EPS (Riyals) | 0.54 | 0.52 | (4.0 %) |
| EPS Diluted (Riyal) | 0.54 | 0.51 | (5.6 %) |
The profit growth was mainly due to an increase in total operating income, higher fee and commission income as well as lower impairment provision.
Sequentially, Q1 2022 net profit fell 4% from SAR 1.617 billion in Q4 2021.
Total shareholders’ equity, excluding minority interest, reached SAR 50.865 billion in Q1 2022, compared with SAR 44.228 billion a year before.
| Item | 3m 2021 | 3m 2022 | Change |
|---|---|---|---|
| Assets | 308.04 | 348.47 | 13.1 % |
| Customer Deposits | 198.60 | 232.42 | 17.0 % |
| Loan | 196.44 | 234.79 | 19.5 % |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}