Alinma Bank : اعلان مصرف الإنماء عن النتائج المالية الأولية للفترة المنتهية في 2021-09-30 ( تسعة أشهر )

A1150 ALINMA0.0 (0.0 %)
1443/03/19 Mon Oct 25, 2021 09:45:24

Alinma Bank announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total income from Special Commissions/Financing & Investments	1,511.3	1,354.9	11.543	1,362.2	10.945
Net Income from Special Commissions/Financing & Investments	1,392.5	1,185.2	17.49	1,230.8	13.137
Total Operation Profit (Loss)	1,723.7	1,479.8	16.481	1,654.9	4.157
Net Profit (Loss) before Zakat and Income Tax	822.9	715	15.09	792	3.901
Net Profit (Loss)	738.1	629.2	17.307	710.3	3.913
Total Comprehensive Income	707.6	648.1	9.18	709.1	-0.211
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total income from Special Commissions/Financing & Investments	4,222.3	4,092.7	3.166
Net Income from Special Commissions/Financing & Investments	3,827.7	3,433.6	11.477
Total Operation Profit (Loss)	4,984.9	4,071.5	22.433
Net Profit (Loss) before Zakat and Income Tax	2,330.5	1,762.5	32.226
Net Profit (Loss)	2,090.3	1,572	32.97
Total Comprehensive Income	2,063.3	1,590.6	29.718
Total Share Holders Equity (after Deducting Minority Equity)	30,164.4	24,038.8	25.482
Assets	166,808.3	147,850	12.822
Investments	31,885.9	26,460.3	20.504
Loans and Advances Portfolio (Financing & Investment)	121,317.6	105,325.1	15.183
Clients' deposits	116,651.9	111,318	4.791
Profit (Loss) per Share	1.03	0.79
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 16.5%, mainly due to the increase in net financing and investment income, FVIS investment income, fee income, exchange income and other operating income. In the other hand, the total operating expenses increased by 16.3% due to the increase in general and administrative expenses, impairment charge for expected credit losses 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 4.2%, mainly due to the increase in net financing and investment income and exchange income, partly offset by the lower fee income, FVIS investments income and other operating income. In the other hand, the total operating expenses increased by 4% due to the higher general and administrative expenses and salaries expenses, partly offset by the lower impairment charge for expected credit losses.
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 increased due to the increase in total operating income by 22.4%, mainly due to the increase in net financing and investment income, FVIS investment income, fee income, and other operating income partly offset by the lower exchange income. In the other hand, the total operating expenses increased by 14.5% due to the increase in general and administrative expenses and impairment charge for expected credit losses.
Statement of the type of external auditor's report	Unmodified opinion
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 279mn for the current quarter against SAR 233.8mn in the similar quarter of previous year with an increase of 19.3% and against SAR 342.1mn in the previous quarter this year with a decrease of 18.4%. Net impairment charge for expected credit losses reached to SAR 965.1mn for the current period against SAR 768.5mn for the similar period of previous year with an increase of 25.6%. For calculation of earning per share, 12.2 million treasury shares have been excluded. Earnings per share is calculated by dividing the net income after zakat for the period ended 30 Sep 2021 and 30 Sep 2020 by 1,988 million Shares and 1,987 million shares, respectively.

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