Bank Albilad announces its Interim Financial Results for the Period Ended on 2025-03-31 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 1,799.7 | 1,691.4 | 6.402 | 1,818 | -1.006 |
| Total Income From Special Commission of Investment | 392.5 | 368.8 | 6.426 | 371.8 | 5.567 |
| Net Income From Special Commission of Financing | 870.2 | 810.6 | 7.352 | 863.1 | 0.822 |
| Net Income From Special Commission of Investment | 291.8 | 234.1 | 24.647 | 281.2 | 3.769 |
| Total Operations Profit (Loss) | 1,463.8 | 1,341.4 | 9.124 | 1,476.5 | -0.86 |
| Net Profit (Loss) before Zakat and Income Tax | 780.8 | 716.9 | 8.913 | 880.7 | -11.343 |
| Net Profit/(Loss) | 700.4 | 643.1 | 8.909 | 789.9 | -11.33 |
| Total Comprehensive Income | 898.9 | 464.8 | 93.395 | 539.4 | 66.648 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 630.1 | 572.9 | 9.984 | 653.6 | -3.595 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 52.9 | 51.5 | 2.718 | -57.7 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 159,102.7 | 143,700.3 | 10.718 |
| Investments | 26,388.6 | 23,010.8 | 14.679 |
| Loans And Advances Portfolio (Financing And Investment) | 112,427.2 | 103,305.7 | 8.829 |
| Clients' deposits | 124,017.9 | 113,740.5 | 9.035 |
| Total Shareholders Equity (after Deducting Minority Equity) | 17,592.1 | 15,701 | 12.044 |
| Profit (Loss) per Share | 0.56 | 0.52 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in special commission income during the current quarter compared to the same quarter of the last year is | Net income from investing and financing assets increased by 11%, which is mainly due to increase in the income from investing and financing assets by 6%, however, the return on deposits and financial liabilities increased by 1%. |
| 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 has increased due to the increase in total operating income by 9%, which is mainly due to the increase in net income from investing and financing assets, net exchange income and net fee and commission income. However, dividend income, other operating income and net gain on FVSI instruments have decreased.
Total operating expenses have increased by 9%, which is mainly due to the increase in salaries and employee related benefits, other general and administrative expenses, depreciation & amortization and net impairment charge for expected credit losses. |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the same quarter of the last year is | Net impairment charge for expected credit losses increased by 3%, which is mainly due to increase in net impairment charge for expected credit losses on investments. |
| The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is | Net income from investing and financing assets increased by 2%, which is mainly due to decrease in return on deposits and financial liabilities by 1%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is | Net income has decreased due to the increased in total operating expenses by 15%, due to the increase in net impairment charge for expected credit losses, salaries and employee related benefits, depreciation & amortization. However, other general and administrative expenses have decreased.
The total operating income have decrease by 1%, which is mainly due to the decrease in net fee and commission income and net exchange income. However, net income from investing and financing assets, dividend income, net gain on FVSI instruments and other operating income have increased. |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the previous quarter is | Net impairment charge for expected credit losses increased by 192%, which is mainly due to increase in net impairment charge for expected credit losses on financing. |
| Statement of the type of external auditor's report | Unmodified Conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | None |
| Additional Information | Earnings per share is calculated by dividing the net income after zakat for the three months period ended 31 March 2025 and 31 March 2024 by the weighted average outstanding number of shares adjusted for treasury shares, which is 1,242 million shares. |
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