Riyad Bank — Earnings Release 2014

Jan 11, 2015

Riyad Bank announces the annual financial results for the period ending on 31-12-2014 (Twelve Months)

1010 · 11/01/2015 15:57:52 · Announcement #36606 · View on Saudi Exchange

Riyad Bank announces the annual financial results for the period ending on 31-12-2014 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	1,060	1,030	2.91	1,076	-
Total profit (loss) operation income\ Investments	1,995	1,795	11.14	1,990	0.25
Net profit (loss) special commission income\ Investments	1,328	1,227	8.23	1,316	0.91
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	4,352	3,947	10.26
Total profit (loss) operation income\ Investments	8,012	7,074	13.26
Net profit (loss) special commission income\ Investments	5,130	4,698	9.2
Earning or loss per share, Riyals	1.45	1.32	-
Total Assets	214,589	205,246	4.55
Investments	46,963	43,538	7.87
Loans and advances portfolio	133,490	131,191	1.75
Customer deposit	164,079	153,200	7.1
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Increase in total operating income
Reasons of increase (decrease) for period compared with same period last year	Increase in total operating income
Reason of increase (decrease) for quarter compared with the previous quarter	Increase in total operating expenses
Reclassifications in quarterly financial results	Earnings per share for the year ended 31 December 2013 has been restated taking into account bonus shares issued to raise capital during the current year for the purposes of comparison.
Other notes	Riyad Bank Extraordinary General Assembly held on 05/26/2014 approved the increase of the bank's capital from SAR 15,000 million to SAR 30,000 million riyals, an increase of 100% (from 1,500 million to 3,000 million shares) through the distribution of free shares to its shareholders, an additional one bonus share for each share.

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