Riyad Bank — Earnings Release 2018

Jan 30, 2019

Riyad Bank announces its Annual financial results for the period ending on 2018-12-31

1010 · 30/01/2019 15:12:19 · Announcement #53344 · View on Saudi Exchange

Riyad Bank announces its Annual financial results for the period ending on 2018-12-31

Element List	Current Year	Previous Year	%Change
Total Revenue for Special Commissions/Investments	8,332	7,425	12.215
Net Income for Special Commissions/Investments	6,686	5,935	12.653
Total operation Profit (Loss)	8,967	8,125	10.363
Net Profit (Loss)	4,716	3,946	19.513
Total Comprehensive Income	4,150	4,100	1.219
Total Share Holders Equity (after deducting minority equity)	36,774	38,623	-4.787
Assets	229,900	216,282	6.296
Investments	47,993	46,370	3.5
Loans and advances portfolio	151,025	138,838	8.777
Customer deposits	169,822	154,365	10.013
Profit (Loss) per Share	1.57	1.32
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current year compared to last year	Net profit increased because of higher total operating income by 10.4 % mainly due to increase in net special commission income, fee and commission income, net and exchange income, net partially offset by a decrease in gains on non- trading investments. The total operating expenses rose by 2.4%, mainly due to increase in salaries and employee related expenses and other general and administrative expenses partially offset by a drop in impairment charge for credit losses, net and other provisions.
Type of the external auditor's opinion	Unmodified opinion
Reclassifications in annual financial results	Certain previous year figures has been reclassified in order to conform with current year classifications and some items have been re-classified.

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