Alinma Bank posted a net profit of SAR 824.7 million for Q1 2022, a rise of 29% compared to SAR 641.8 million from the prior-year period.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 1,206.64 | 1,311.57 | 8.7 % |
| Operating Income | 1,604.24 | 1,807.61 | 12.7 % |
| Debt Provisions | (346.77) | (241.02) | 30.5 % |
| Net Income | 641.84 | 824.75 | 28.5 % |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.26 | 0.33 | 28.5 % |
| EPS Diluted (Riyal) | 0.26 | 0.33 | 26.2 % |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 1,309.43 | 1,311.57 | 0.2 % |
| Operating Income | 1,680.16 | 1,807.61 | 7.6 % |
| Debt Provisions | (288.98) | (241.02) | 16.6 % |
| Net Income | 619.13 | 824.75 | 33.2 % |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.25 | 0.33 | 33.2 % |
| EPS Diluted (Riyal) | 0.25 | 0.33 | 31.2 % |
The profit growth was mainly due to 12.5% growth in total operating income as a result of increase in net income from financing and investment, FVIS investment income, exchange income and other operating profit partly offset by the slight decline in fee income.
Sequentially, Q1 2022 net profit rose 33.2% from SAR 619.13 million in Q4 2021.
Total shareholders’ equity, excluding minority interest, reached SAR 31.518 billion in Q1 2022, compared with SAR 25.081 billion a year before.
| Item | 3m 2021 | 3m 2022 | Change |
|---|---|---|---|
| Assets | 159.95 | 179.52 | 12.2 % |
| Customer Deposits | 120.71 | 128.04 | 6.1 % |
| Financing Investments | 117.15 | 128.97 | 10.1 % |
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