Alinma Bank’s 9M 2022 net profit up 31% to SAR 2.738 bln, Q3 at SAR 989 mln

25/10/2022 Argaam Exclusive

View other reports

Alinma Bank reported a net profit of SAR 2.738 billion for the first nine months of 2022, an increase of 31% compared to SAR 2.090 billion in a year-earlier period.

The nine-month total operating income jumped by 16.8%, mainly on higher net income from financing and investment, fee income, fair value through income statement (FVIS) investment income, exchange income and other operating income.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Net Income from investments and financial activities	3,830.96	4,398.66	14.8 %
Operating Income	4,979.44	5,815.18	16.8 %
Total Provisions	(962.62)	(761.91)	20.9 %
Net Income	2,090.26	2,738.86	31.0 %
Average Shares	2,500.00	2,500.00	-
EPS (Riyals)	0.84	1.10	31.0 %
EPS Diluted (Riyals)	0.84	1.06	26.7 %

Q3 2022 net profit amounted to SAR 989 million, up 34% from SAR 738.1 million in a prior-year period, due to a 20.5% year-on-year (YoY) surge in total operating income, mainly on the increase in net income from financing and investment, fee income, exchange income and other operating income.

On a sequential basis, Q3 net profit grew 6.91% from SAR 925.09 million in Q2 2022.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Net Income from investments and financial activities	1,392.89	1,673.65	20.2 %
Operating Income	1,722.06	2,075.43	20.5 %
Debt Provisions	(279.06)	(272.53)	2.3 %
Net Income	738.09	989.03	34.0 %
Average Shares	2,500.00	2,500.00	-
EPS (Riyals)	0.30	0.40	34.0 %
EPS Diluted (Riyal)	0.30	0.38	28.0 %

Item	Q2 2022	Q3 2022	Change‬
Net Income from investments and financial activities	1,413.49	1,673.65	18.4 %
Operating Income	1,932.14	2,075.43	7.4 %
Debt Provisions	(248.35)	(272.53)	(9.7 %)
Net Income	925.09	989.03	6.9 %
Average Shares	2,500.00	2,500.00	-
EPS (Riyals)	0.37	0.40	6.9 %
EPS Diluted (Riyal)	0.35	0.38	9.1 %

Shareholders’ equity, no minority interest, excluding sukuk, reached SAR 26.302 billion by the end of the nine-month period, compared to SAR 25.164 billion in a year-earlier period.

Balance Sheet (B)

Item	9m 2021	9m 2022	Change‬
Assets	166.81	193.23	15.8 %
Customer Deposits	116.65	132.05	13.2 %
Financing Investments	121.32	139.99	15.4 %

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

×