Bank Albilad — Earnings Release 2017

Feb 11, 2018

Bank Albilad announces the annual financial results for the period ending on 31-12-2017 (Twelve Months)

1140 · 11/02/2018 08:38:51 · Announcement #49368 · View on Saudi Exchange

Bank Albilad announces the annual financial results for the period ending on 31-12-2017 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	225.9	221.5	1.99	248.1	-
Total profit (loss) operation income\ Investments	784.4	680.4	15.29	763	2.8
Net profit (loss) special commission income\ Investments	466.9	363.8	28.34	448.8	4.03
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	942	807.7	16.63
Total profit (loss) operation income\ Investments	2,959.8	2,587.4	14.39
Net profit (loss) special commission income\ Investments	1,739	1,407.9	23.52
Earning or loss per share, Riyals	1.56	1.36	-
Total Assets	63,208	53,749	17.6
Investments	5,140	3,081	66.83
Loans and advances portfolio	43,447	36,178	20.09
Customer deposit	47,783	40,235	18.76
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Net income has increased due to the increase in total operating income by 15%, which has resulted due to the increase in the net income from investment and financing activities, fee and commission net income, exchange income and dividend income. However, other operating income, gains on non-trading investments have decreased. Total operating expenses have increased by 22% due to the increase in the impairment for financing, staff expenses, rent and premises related expenses. However, depreciation ,other general and administrative expenses, impairment on investments have decreased.
Reasons of increase (decrease) for period compared with same period last year	Net income has increased due to the increase in total operating income by 14%, which has resulted due to the increase in net income from investment and financing activities, fee and commission net income, other income, gains on non-trading investments and dividend income. However, net exchange income have decreased. Total operating expenses have increased by 14% due to the increase in the impairment for financing, other general and administrative expenses, staff expenses, rent and premises related expenses and depreciation. However, impairment on investments have decreased
Reason of increase (decrease) for quarter compared with the previous quarter	Net income has decreased while total operating income has increased by 2.8%, which has resulted due to the increase in the income from investment and financing activities net, net exchange income, fee and commission, gains on non-trading investments, and dividend income. However, other operating income have decreased. Total operating expenses have increased by 8.0% due to increase in staff expenses, impairment of financing assets, other general and administrative expenses, rent and premises related expenses and impairment on investments. However, depreciation have decreased.
Reclassifications in quarterly financial results	Some items have been re-classified
Other notes	Gross Income from investing and financing activities for the three-months period ended in 31 December 2017 is SAR 570 million as compared to SAR 475 million in corresponding quarter of last year, with an increase of 20.1%. Gross Income from investing and financing activities for the twelve -months period ended in 31 December 2017 is SAR 2,117 million as compared to SAR 1,771 million in corresponding period of last year, with an increase of 19.6%. Total comprehensive income for the twelve months period ended in 31 December 2017 is SAR 964 million as compared to SAR 845 million for last year, with an increase of 14%. Total comprehensive income for the three months period ended in 31 December 2017 is SAR 193 million as compared to SAR 249 million in corresponding period of last year, with a decrease of 22.8% and compared to SAR 303 million for the three months ended in 30 September 2017, with a decrease of 36.3%. Total shareholders' equity (Excluding minority rights) as at 31 December 2017 is SAR 7.6 billion compared to SAR 7.2 billion for same period of last year, with an increase of 6.1%.

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