Arab National Bank announces its Interim Financial Results for the Period Ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 3,107 | 2,934 | 5.896 | 2,914 | 6.623 |
| Total Income From Special Commission of Investment | 794 | 620 | 28.064 | 655 | 21.221 |
| Net Income From Special Commission of Financing | 1,587 | 1,476 | 7.52 | 1,518 | 4.545 |
| Net Income From Special Commission of Investment | 586 | 466 | 25.751 | 450 | 30.222 |
| Total Operations Profit (Loss) | 2,594 | 2,335 | 11.092 | 2,531 | 2.489 |
| Net Profit (Loss) before Zakat and Income Tax | 1,555 | 1,439 | 8.061 | 1,530 | 1.633 |
| Net Profit/(Loss) | 1,336 | 1,231 | 8.529 | 1,304 | 2.453 |
| Total Comprehensive Income | 1,336 | 1,003 | 33.2 | 1,527 | -12.508 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 831 | 737 | 12.754 | 801 | 3.745 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 216 | 167 | 29.341 | 205 | 5.365 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Income From Special Commission of Financing | 6,021 | 5,796 | 3.881 |
| Total Income From Special Commission of Investment | 1,449 | 1,245 | 16.385 |
| Net Income From Special Commission of Financing | 3,106 | 2,962 | 4.861 |
| Net Income From Special Commission of Investment | 1,036 | 907 | 14.222 |
| Total Operations Profit (Loss) | 5,125 | 4,645 | 10.333 |
| Net Profit (Loss) before Zakat and Income Tax | 3,085 | 2,856 | 8.018 |
| Net profit (Loss) | 2,640 | 2,466 | 7.055 |
| Total Comprehensive Income | 2,863 | 2,059 | 39.048 |
| Assets | 268,983 | 235,491 | 14.222 |
| Investments | 54,313 | 48,867 | 11.144 |
| Loans And Advances Portfolio (Financing And Investment) | 186,476 | 161,612 | 15.384 |
| Clients' deposits | 201,739 | 175,594 | 14.889 |
| Total Shareholders Equity (after Deducting Minority Equity) | 43,028 | 36,881 | 16.667 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 1,632 | 1,467 | 11.247 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 422 | 328 | 28.658 |
| Profit (Loss) per Share | 1.32 | 1.23 | |
| 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 | - | - | |
| 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 | The increase in special commission income by 9.76% is mainly due to the increase in net loans and advances portfolio by 15.38% and increase in net investments portfolio by 11.14%. |
| 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 recorded a growth compared to the similar quarter of previous year. That is primarily due to the increase in net special commission income, dividend income, net fee and commission income, net exchange income and net gains/ (losses) on FVSI financial instruments. Whereas this was supported by reduction in premises related expenses.
However, this growth was partially offset by the increase in the costs related to salaries and employee related expenses, net allowance charges for ECL and other provisions, other general and administrative expenses and depreciation and amortisation. That is along with the reduction in net gains/ (losses) on non-trading instruments, net other operating income and net trading income. |
| 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 | The increase in provisions during the period is mainly due to portfolio growth and consistent with the macroeconomic assumptions, in line with the IFRS 9 model. This reflects a forward-looking approach, supporting the Bank’s overall financial stability. |
| The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is | The increase in special commission income by 9.30% is mainly due to the increase in net loans and advances portfolio by 4.14% and increase in net investments portfolio by 3.83%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is | Net income recorded a growth compared to the previous quarter. That is primarily due to the increase in net special commission income, dividend income and net trading income.
However, this growth was partially offset by the increase in the costs related to salaries and employee related expenses, net allowance charges for ECL and other provisions, other general and administrative expenses, depreciation and amortisation and premises related expenses. That is along with the reduction in net gains/ (losses) on FVSI financial instruments, net gains/ (losses) on non-trading instruments, net fee and commission income, net other operating income and net exchange income. |
| 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 | The increase in provisions during the period is mainly due to portfolio growth and consistent with the macroeconomic assumptions, in line with the IFRS 9 model. This reflects a forward-looking approach, supporting the Bank’s overall financial stability. |
| The reason of the increase (decrease) in special commission income during the current period compared to the same period of the last year is | The increase in special commission income by 6.09% is mainly due to the increase in net loans and advances portfolio by 15.38% and increase in net investments portfolio by 11.14%. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net income recorded a growth compared to the same period of prior year. That is primarily due to the increase in net special commission income, net fee and commission income, net gains/ (losses) on FVSI financial instruments, dividend income and net exchange income. Whereas this was supported by reduction in premises related expenses.
However, this growth was partially offset by the increase in the costs related to salaries and employee related expenses, net allowance charges for ECL and other provisions, other general and administrative expenses and depreciation and amortisation. That is along with the reduction in net gains/ (losses) on non-trading instruments, net other operating income and net trading income. |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current period compared to the same period of the last year is | The increase in provisions during the period is mainly due to portfolio growth and consistent with the macroeconomic assumptions, in line with the IFRS 9 model. This reflects a forward-looking approach, supporting the Bank’s overall financial stability. |
| 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) | Other matter:
The consolidated financial statements for the year ended December 31, 2024 and the interim financial information for the three- and six-months period ended June 30, 2024 were jointly audited and reviewed, respectively, by another joint auditor who expressed an unmodified audit opinion and unmodified review conclusion on those statements on February 13, 2025 (corresponding to Sha’ban 14, 1446H) and August 8, 2024 (corresponding to Safar 4, 1446H), respectively. |
| Reclassification of Comparison Items | Certain comparative period figures have been reclassified/ restated to conform with current period presentation, which are not material in nature to the interim condensed consolidated financial statements. |
| Additional Information | Basic and diluted earnings per share for the periods ending on June 30, 2025 and 2024 is calculated by dividing net income for the period attributable to equity holders by the weighted average number of outstanding shares as of June 30, 2025: 1,994 million shares (June 30, 2024: 2,000 million shares) after accounting for treasury shares. |
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