Alinma Bank posted a net profit of SAR 2.090 billion for the first nine months of 2021, a rise of 33% compared with SAR 1.572 billion a year earlier.
The bank attributed the profit growth to the rise in total operating income by 22.4%, mainly due to the increase in net financing and investment income, FVIS investment income, fee income, and other operating income, partly offset by the lower exchange income.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 3,433.61 | 3,830.96 | 11.6 % |
| Operating Income | 4,071.53 | 4,979.44 | 22.3 % |
| Total Provisions | (782.48) | (962.62) | (23.0 %) |
| Net Income | 1,572.00 | 2,090.26 | 33.0 % |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.63 | 0.84 | 33.0 % |
| EPS Diluted (Riyals) | 0.63 | 0.84 | 33.3 % |
Meanwhile, Q3 2021 net profit reached SAR 738.1 million, up 17% compared with SAR 629.2 million in the same period of 2020, driven a 16.5% increase in total operating income.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 1,185.15 | 1,392.89 | 17.5 % |
| Operating Income | 1,479.84 | 1,722.06 | 16.4 % |
| Debt Provisions | (231.00) | (279.06) | (20.8 %) |
| Net Income | 629.25 | 738.09 | 17.3 % |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.25 | 0.30 | 17.3 % |
| EPS Diluted (Riyal) | 0.25 | 0.30 | 20.0 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 1,231.43 | 1,392.89 | 13.1 % |
| Operating Income | 1,653.14 | 1,722.06 | 4.2 % |
| Debt Provisions | (336.80) | (279.06) | 17.1 % |
| Net Income | 710.33 | 738.09 | 3.9 % |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.28 | 0.30 | 3.9 % |
| EPS Diluted (Riyal) | 0.28 | 0.30 | 7.1 % |
On a sequential basis, Q3 2021 net profit rose 3.9% from SAR 710.3 million.
Total shareholders' equity, after minority interest, amounted to SAR 30.164 billion, in 9M 2021 compared to SAR 24.038 billion in the same period a year ago.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Assets | 147.85 | 166.81 | 12.8 % |
| Customer Deposits | 111.32 | 116.65 | 4.8 % |
| Financing Investments | 105.33 | 121.32 | 15.2 % |
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