Financial Results : Riyad Bank Q1 2022 net profit rises 15% to SAR 1.553 bln

Riyad Bank Q1 2022 net profit rises 15% to SAR 1.553 bln

26/04/2022 Argaam Exclusive

View other reports

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.



Current Quarter Comparison (M)

Compared With The
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 %

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.

Balance Sheet (B)

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 %

View More Financial Results

 

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.