Bank Albilad — Earnings Release 2018

Jan 29, 2019

Bank Albilad announces its Annual financial results for the year ending on 2018-12-31

1140 · 29/01/2019 15:42:21 · Announcement #53336 · View on Saudi Exchange

Bank Albilad announces its Annual financial results for the year ending on 2018-12-31

Element List	Current Year	Previous Year	%Change
Total Revenue for Special Commissions/Investments	2,704.9	2,117.2	27.758
Net Income for Special Commissions/Investments	2,145.5	1,738.9	23.382
Total operation Profit (Loss)	3,416	2,959.6	15.421
Net Profit (Loss)	1,110.5	942	17.887
Total Comprehensive Income	1,047.5	964.2	8.639
Total Share Holders Equity (after deducting minority equity)	7,832.9	7,588.8	3.216
Assets	73,636.1	63,207.7	16.498
Investments	6,465.7	5,140	25.791
Loans and advances portfolio	50,593	43,447.4	16.446
Customer deposits	57,175.6	47,783	19.656
Profit (Loss) per Share	1.85	1.56
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current year compared to last year	Net income has increased due to the increase in total operating income by 15.4%, which has resulted due to the increase in net income from investment and financing activities, gains on investments, dividend income, fee and commission income,net and net exchange income. However, other income has decreased.

Total operating expenses have increased by 13.9% due to the increase in the impairment charge for credit and other financial assets, staff expenses, other general and administrative expenses and depreciation. However, rent and premises related expenses has decreased. Type of the external auditor's opinion Unmodified opinion Reclassifications in annual financial results Unmodified opinion

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