Alinma Bank announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )
Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
---|---|---|---|---|---|
Total income from Special Commissions/Financing & Investments | 1,472.1 | 1,349.1 | 9.117 | 1,452.1 | 1.377 |
Net Income from Special Commissions/Financing & Investments | 1,309.5 | 1,204.8 | 8.69 | 1,309.3 | 0.015 |
Total Operation Profit (Loss) | 1,807.6 | 1,606.3 | 12.531 | 1,682.3 | 7.448 |
Net Profit (Loss) before Zakat and Income Tax | 919.6 | 715.6 | 28.507 | 691 | 33.082 |
Net Profit (Loss) | 824.7 | 641.8 | 28.497 | 619.1 | 33.209 |
Total Comprehensive Income | 799.1 | 646.6 | 23.584 | 597.6 | 33.718 |
All figures are in (Millions) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
---|---|---|---|
Total Share Holders Equity (after Deducting Minority Equity) | 31,518.2 | 25,081.1 | 25.665 |
Assets | 179,518.8 | 159,951 | 12.233 |
Investments | 36,026 | 28,819.1 | 25.007 |
Loans and Advances Portfolio (Financing & Investment) | 128,965.1 | 117,148.9 | 10.086 |
Clients' deposits | 128,035.2 | 120,707 | 6.071 |
Profit (Loss) per Share | 0.41 | 0.32 | |
All figures are in (Millions) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net income increased due to the increase in total operating income by 12.5%, mainly due to the increase in net income from financing and investment, FVIS investment income, exchange income and other operating income partly offset by the slight decline in fee income. In the other hand, the total operating expenses were maintained at the same level of last year mainly due to the 29% lower impairement charge for expected credit losses offset by higher general and administrative expenses and salaries expenses. |
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | Net income increased due to the increase in total operating income by 7.4%, mainly due to the increase in fee income, FVIS investments income and exchange income, partly offset by the lower other operating income. In the other hand, the total operating expenses deccreased by 10% mainly due to the lower impairment charge for expected credit losses, general and dministrative expenses and rent expenses partly offset by the higher salaries expenses. |
Statement of the type of external auditor's report | Unmodified Conclusion |
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | None |
Reclassification of Comparison Items | Some items have been reclassified. |
Additional Information | Net impairment charge for expected credit losses reached to SAR 243.4mn for the current period against SAR 344mn for the similar period of previous year with a decrease of 29.2%. For calculation of earning per share, 11.7 million treasury shares have been excluded. Earnings per share is calculated by dividing the net income after zakat for the period ended 31 Mar 2022 and 31 Mar 2021 by 1,988 million and 1,987.4 million shares, respectively. |
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