IssuerAnnouncementDetailsV2Portlet
Actions
The Saudi National Bank announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Gross Income from Special Commissions/Financing & Investments | 34,392,329 | 25,438,832 | 35.2 | ||
| Net Income from Special Commissions/Financing & Investments | 26,286,058 | 22,207,587 | 18.36 | ||
| Total Operation Profit (Loss) | 33,003,452 | 28,235,719 | 16.89 | ||
| Net Profit (Loss) before Zakat and Income Tax | 21,276,779 | 14,454,198 | 47.2 | ||
| Net Profit (Loss) | 18,580,690 | 12,668,176 | 46.67 | ||
| Total Comprehensive Income | 9,358,779 | 10,915,746 | -14.26 | ||
| Total Share Holders Equity (excluding Non-Controlling Interest) | 165,973,134 | 162,197,942 | 2.33 | ||
| Assets | 945,496,166 | 914,147,445 | 3.43 | ||
| Investments | 258,291,891 | 242,560,709 | 6.49 | ||
| Loans and Advances Portfolio (Financing & Investment) | 545,310,659 | 497,568,062 | 9.6 | ||
| Total Operating Expenses Before Provisions for Credit and Other Losses | 9,783,617 | 9,561,739 | 2.32 | ||
| Total Provisions (Reversals) for Expected Credit and Other Losses, net | 1,685,484 | 3,960,860 | -57.45 | ||
| Clients' deposits | 568,283,076 | 588,573,879 | -3.45 | ||
| Profit (Loss) per Share | 4.06 | 2.99 | |||
| All figures are in (Thousands) 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 | The net income attributable to equity holders increased by 46.7% driven by higher total operating income and lower net impairment charge for expected credit losses. Total operating income increased by 16.9% mainly due to higher net special commission income by 18.4%, fee income from banking services by 21.1%, and lower other operating expenses by 12.4%. Total operating expenses including impairments were lower by 15.2% mainly due to lower other general and administrative expenses by 13.5% and lower net impairment charge for expected credit losses by 57.4%. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Some numbers have been re-classified for comparative reasons. |
| Additional Information | Net impairment charge for expected credit losses reached to SAR 1.69Bn in the current year against SAR 3.96Bn in previous year with a decrease of 57.4%. EPS for the current and the previous year are calculated by dividing the net income attributable to common equity holders of the bank (adjusted for Tier 1 Sukuk costs) for the periods by the weighted average number of shares outstanding 4,438,140k (2021: 4,075,058k). |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 35.6
Net Change 0.6 (+1.71%)
Value Traded (Sar) 245,979,436.1
Volume Traded 6,958,282
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions