Bank Albilad — Earnings Release 2020

Feb 7, 2021

Bank Albilad announces its Annual Financial Results for the Year Ending on 2020-12-31

1140 · 07/02/2021 08:01:37 · Announcement #61856 · View on Saudi Exchange

Bank Albilad announces its Annual Financial Results for the Year Ending on 2020-12-31

Element List	Current Year	Previous Year	%Change
Total income from Special Commissions/Financing & Investments	3,626.6	3,462	4.754
Net Income from Special Commissions/Financing & Investments	3,292.6	2,823.8	16.601
Total Operation Profit (Loss)	4,262	3,945.3	8.027
Net Profit (Loss) before Zakat and Income Tax	1,501.7	1,386.7	8.293
Net Profit (Loss)	1,348.5	1,243.7	8.426
Total Comprehensive Income	1,667.5	1,884.5	-11.514
Total Share Holders Equity (after Deducting Minority Equity)	10,730.4	9,425.9	13.839
Assets	95,743.8	86,003.4	11.325
Investments	14,873.2	10,988.2	35.356
Loans and Advances Portfolio (Financing & Investment)	70,115	59,290.5	18.256
Clients' deposits	71,552.9	67,105.5	6.627
Profit (Loss) per Share	1.81	1.67
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	Net income has increased due to the increase in total operating income by 8%, due to the increase in net income from investment and financing activities and net exchange income. However, (loss)/ gain from investments, fee and commission income, other operating income and dividend income have decreased.

Total operating expenses has increased by 8%, due to the increase in net impairment charge for expected credit losses, other general and administrative expenses, salaries and employee related benefits and depreciation & amortization. Statement of the type of external auditor's report Unmodified opinion Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None Reclassification of Comparison Items Some items have been re-classified. Additional Information Impairment charge for expected credit losses, net for the current year ended 31 December 2020 is SAR 695 million, as compared to SAR 543 million in the last year with an increase by 28%.

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