Bank Albilad announces its Interim Financial Results for the Period Ended 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 | 1,826 | 1,739 | 5.002 | 1,799.7 | 1.461 |
| Total Income From Special Commission of Investment | 422.7 | 365.7 | 15.586 | 392.5 | 7.694 |
| Net Income From Special Commission of Financing | 839.6 | 814.1 | 3.132 | 870.2 | -3.516 |
| Net Income From Special Commission of Investment | 337 | 270.7 | 24.492 | 291.8 | 15.49 |
| Total Operations Profit (Loss) | 1,540.7 | 1,407.7 | 9.448 | 1,463.8 | 5.253 |
| Net Profit (Loss) before Zakat and Income Tax | 853.7 | 747.9 | 14.146 | 780.8 | 9.336 |
| Net Profit/(Loss) | 765.8 | 670.8 | 14.162 | 700.4 | 9.337 |
| Total Comprehensive Income | 718.9 | 640.3 | 12.275 | 898.9 | -20.024 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 638.2 | 577.7 | 10.472 | 630.1 | 1.285 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 48.8 | 82.2 | -40.632 | 52.9 | -7.75 |
| 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 | 3,625.8 | 3,430.3 | 5.699 |
| Total Income From Special Commission of Investment | 815.2 | 734.6 | 10.971 |
| Net Income From Special Commission of Financing | 1,709.8 | 1,624.7 | 5.237 |
| Net Income From Special Commission of Investment | 628.9 | 504.8 | 24.583 |
| Total Operations Profit (Loss) | 3,004.6 | 2,749.1 | 9.293 |
| Net Profit (Loss) before Zakat and Income Tax | 1,634.5 | 1,464.8 | 11.585 |
| Net profit (Loss) | 1,466.1 | 1,313.9 | 11.583 |
| Total Comprehensive Income | 1,617.8 | 1,105.1 | 46.393 |
| Assets | 161,902.3 | 145,290.5 | 11.433 |
| Investments | 28,637.3 | 22,890.7 | 25.104 |
| Loans And Advances Portfolio (Financing And Investment) | 115,688.9 | 104,309.8 | 10.908 |
| Clients' deposits | 123,928.5 | 114,530 | 8.206 |
| Total Shareholders Equity (after Deducting Minority Equity) | 20,756.4 | 15,805.7 | 31.322 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 1,268.3 | 1,150.6 | 10.229 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 101.7 | 133.7 | -23.934 |
| Profit (Loss) per Share | 0.98 | 0.88 | |
| 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 | Net income from investing and financing assets increased by 8%, which is mainly due to increase in the income from investing and financing assets by 7%, however, the return on deposits and financial liabilities increased by 5%. |
| 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 increase in net income from investing and financing assets,net fee and commission income, net exchange income, dividend income and other operating income. However, net gain on fair value through statement of income (FVSI) instruments have decreased.
Total operating expenses have increased by 4%, which is mainly due to the increase in other general and administrative expenses, salaries and employee related benefits and depreciation and amortization. However, net impairment charge for expected credit losses have decreased. |
| 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 decreased by 41%, which is mainly due to a decrease in net impairment charge for expected credit losses on financing due to better quality and composition of the portfolio. |
| 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 1%, which is mainly due to increase in the income from investing and financing assets by 3%, however, the return on deposits and financial liabilities increased by 4%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is | Net income has increased due to the increase in total operating income by 5%, which is mainly due to the increase in other operating income, net fee and commission income, net income from investing and financing assets, dividend income and net gain on fair value through statement of income (FVSI) instruments. However, net exchange income has decreased.
Total operating expenses have increased by 1%, which is mainly due to the increase in other general and administrative expenses and depreciation & amortization. However, net impairment charge for expected credit losses and salaries and employee related benefits have decreased. |
| 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 decreased by 8%, which is mainly due to a decrease in net impairment charge for expected credit losses on financing due to better quality and composition of the portfolio. |
| The reason of the increase (decrease) in special commission income during the current period compared to the same period of the last year is | Net income from investing and financing assets increased by 10%, which is mainly due to increase in the income from investing and financing assets by 7%, however, the return on deposits and financial liabilities increased by 3%. |
| 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 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 fee and commission income and net exchange income. However, dividend income, net gain on fair value through statement of income (FVSI) instruments and other operating income have decreased.
Total operating expenses have increased by 7%, which is mainly due to the increase in other general and administrative expenses, salaries and employee related benefits and depreciation and amortization. However, net impairment charge for expected credit losses have decreased. |
| 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 | Net impairment charge for expected credit losses decreased by 24%, which is mainly due to a decrease in net impairment charge for expected credit losses on financing due to better quality and composition of the portfolio. |
| 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 six months period ended 30 June 2025 and 30 June 2024 by the weighted average outstanding number of shares adjusted for treasury shares, which is 1,490 million shares. |
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