Financial Results : SABB reports 4% profit growth in FY19

SABB reports 4% profit growth in FY19

26/02/2020 Argaam Exclusive

View other reports

Saudi British Bank (SABB) reported a net profit of SAR 2.8 billion for the fiscal year of 2019, up 4.2% year-on-year (YoY), the bank said in a bourse statement.

 

These earnings were mainly driven by higher gross operating income, increased net special commission income, and a rise in profit share from associates.

 

The bank also cited lower provisions for Zakat and income tax.



Financials (M)

Item 2018 2019 Change‬
Net Special Commission Income 5,577.33 7,179.63 28.7 %
Operating Income 7,322.84 9,213.32 25.8 %
Total Provisions (259.03) (2501.18) (865.6 %)
Net Income 2,715.44 2,754.26 1.4 %
Average Shares 1,500.00 1,916.10 27.7 %
EPS (Riyals) 1.81 1.44 (20.6 %)

In Q4 2019, SABB posted a net profit of SAR 899 million, against a net loss of SAR 168 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Net Special Commission Income 1,450.53 1,998.49 37.8 %
Operating Income 1,831.32 2,563.05 40.0 %
Debt Provisions (55.58) (636.70) (1,045.6 %)
Net Income (153.92) 660.10 528.9 %
Average Shares 1,500.00 1,916.10 27.7 %
EPS (Riyals) (0.10) 0.34 435.7 %

Balance Sheet (B)

Item 2018 2019 Change‬
Assets 174.68 265.99 52.3 %
Customer Deposits 130.51 192.17 47.2 %
Loan 110.33 152.08 37.8 %

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.

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.