Saudi Awwal Bank
Data Pack
3Q 2023
This supplement includes summarised financials and key performance indicators. The key sources of the information included are the published financial statements which are prepared in accordance with International Financial Reporting Standards (IFRS) as endorsed in the Kingdom of Saudi Arabia, and other standards and pronouncements
issued by the Saudi Organization for Chartered and Professional Accountants The key sources are compliant with the provisions of Banking Control Law, the Regulations for Companies in the Kingdom of Saudi Arabia, and By-laws of the Bank. The purpose of the document is to provide trends on key financials and performance metrics, on a like-for-like basis. Users of the document are encouraged to refer to the financial statements for further detail where required.
Index
Summary Financials
Income Statement & Balance Sheet
Segmental Information
Glossary
PUBLIC
SAB Data pack | | 3Q23 Performance | ||||||||||||||||
Summary Income Statement (SAR mln) | Three months ending | Nine months ending | |||||||||||||||
31-Mar-21 | 30-Jun-21 | 30-Sep-21 | 31-Dec-21 | 31-Mar-22 | 30-Jun-22 | 30-Sep-22 | 31-Dec-22 | 31-Mar-23 | 30-Jun-23 | 30-Sep-23 | 30-Sep-22 | 30-Sep-23 | |||||
Net special commission income | |||||||||||||||||
1,427 | 1,467 | 1,407 | 1,416 | 1,414 | 1,718 | 1,985 | 2,292 | 2,534 | 2,527 | 2,579 | 5,117 | 7,640 | |||||
Non-funds income | 546 | 456 | 480 | 480 | 599 | 524 | 630 | 489 | 684 | 539 | 669 | 1,753 | 1,892 | ||||
Total operating income (Revenue) | 1,973 | 1,923 | 1,886 | 1,897 | 2,013 | 2,242 | 2,615 | 2,781 | 3,218 | 3,067 | 3,247 | 6,870 | 9,532 | ||||
Provision for expected credit losses, net | (2) | (26) | (13) | (414) | (60) | (136) | (38) | (212) | (229) | (139) | (144) | (233) | (512) | ||||
Total operating expenses | (858) | (787) | (853) | (931) | (841) | (863) | (881) | (1,077) | (1,006) | (996) | (1,045) | (2,585) | (3,047) | ||||
Share in earnings of an associate | 39 | 25 | 20 | 47 | 68 | 53 | 47 | 5 | 30 | 47 | 59 | 168 | 136 | ||||
Net Income for the period before zakat & income tax | 1,152 | 1,136 | 1,041 | 599 | 1,179 | 1,297 | 1,743 | 1,496 | 2,012 | 1,979 | 2,118 | 4,219 | 6,109 | ||||
Provision for zakat and income tax | (167) | (212) | (150) | (166) | (163) | (203) | (231) | (239) | (248) | (429) | (287) | (597) | (964) | ||||
Net income for the period after Zakat & income tax from | 985 | 924 | 890 | 433 | 1,016 | 1,094 | 1,512 | 1,258 | 1,765 | 1,550 | 1,830 | 3,622 | 5,145 | ||||
continuing operations | |||||||||||||||||
Loss from discontinued operation | (14) | (5) | (5) | (6) | (12) | (12) | (6) | (24) | - | - | - | (30) | - | ||||
Net Income for the period after zakat & income tax | 970 | 919 | 886 | 427 | 1,004 | 1,082 | 1,506 | 1,234 | 1,765 | 1,550 | 1,830 | 3,592 | 5,145 | ||||
Attributable to: | |||||||||||||||||
Equity holders of the Bank | 974 | 919 | 885 | 427 | 1,006 | 1,083 | 1,505 | 1,234 | 1,765 | 1,550 | 1,830 | 3,593 | 5,145 | ||||
Non-controlling interest | (4) | 0 | 0 | 0 | (2) | (1) | 2 | (1) | - | - | - | (1) | - | ||||
Net income for the period | 970 | 919 | 886 | 427 | 1,004 | 1,082 | 1,506 | 1,234 | 1,765 | 1,550 | 1,830 | 3,592 | 5,145 | ||||
Balance Sheet - Summary (SAR mln) | As at | As at | |||||||||||||||
31-Mar-21 | 30-Jun-21 | 30-Sep-21 | 31-Dec-21 | 31-Mar-22 | 30-Jun-22 | 30-Sep-22 | 31-Dec-22 | 31-Mar-23 | 30-Jun-23 | 30-Sep-23 | 30-Sep-22 | 30-Sep-23 | |||||
Loans and advances, net | 156,710 | 161,444 | 163,500 | 167,556 | 176,148 | 176,214 | 183,160 | 183,132 | 191,001 | 198,671 | 211,404 | 183,160 | 211,404 | ||||
Loans and advances, gross | 163,799 | 168,569 | 170,478 | 174,259 | 182,938 | 182,079 | 189,087 | 189,143 | 196,909 | 204,670 | 217,497 | 189,087 | 217,497 | ||||
-Non-performing loans | 5,373 | 5,407 | 4,877 | 4,210 | 4,291 | 4,132 | 4,425 | 4,292 | 4,034 | 3,968 | 3,993 | 4,425 | 3,993 | ||||
-Purchased or originated credit impaired loans - POCI | 3,773 | 3,736 | 3,763 | 3,773 | 3,701 | 3,822 | 3,807 | 3,841 | 3,785 | 3,794 | 3,836 | 3,807 | 3,836 | ||||
-Provisions (BS) | 7,089 | 7,125 | 6,978 | 6,702 | 6,790 | 5,864 | 5,927 | 6,010 | 5,908 | 5,999 | 6,093 | 5,927 | 6,093 | ||||
Investments | 63,225 | 65,135 | 66,106 | 64,904 | 65,588 | 73,064 | 78,786 | 86,363 | 90,979 | 93,530 | 88,796 | 78,786 | 88,796 | ||||
183,690 | 186,828 | 180,248 | 186,761 | 193,889 | 207,451 | 202,864 | 214,279 | 225,983 | 222,734 | 228,053 | 202,864 | 228,053 | |||||
Demand deposits | 130,781 | 140,297 | 139,641 | 152,966 | 147,939 | 154,585 | 144,964 | 141,427 | 149,317 | 135,140 | 135,640 | 144,964 | 135,640 | ||||
Total Assets | 271,555 | 272,940 | 269,552 | 272,396 | 282,692 | 302,539 | 299,990 | 314,451 | 328,885 | 334,913 | 340,478 | 299,990 | 340,478 | ||||
Total Equity | 52,035 | 52,881 | 52,601 | 53,029 | 53,777 | 53,907 | 53,543 | 54,637 | 57,034 | 56,693 | 55,539 | 53,543 | 55,539 | ||||
Tangible Equity | |||||||||||||||||
41,109 | 42,078 | 41,825 | 42,288 | 43,055 | 43,226 | 42,670 | 43,846 | 46,262 | 45,990 | 44,862 | 42,670 | 44,862 | |||||
No. of shares | 2,055 | 2,055 | 2,055 | 2,055 | 2,055 | 2,055 | 2,055 | 2,055 | 2,055 | 2,055 | 2,055 | 2,055 | 2,055 | ||||
Key performance metrics (% unless otherwise stated) | For the period ending | For the period ending | |||||||||||||||
31-Mar-21 | 30-Jun-21 | 30-Sep-21 | 31-Dec-21 | 31-Mar-22 | 30-Jun-22 | 30-Sep-22 | 31-Dec-22 | 31-Mar-23 | 30-Jun-23 | 30-Sep-23 | 30-Sep-22 | 30-Sep-23 | |||||
Basic and diluted earnings per share (in SAR) | 0.47 | 0.45 | 0.43 | 0.21 | 0.49 | 0.53 | 0.73 | 0.60 | 0.86 | 0.75 | 0.89 | 1.75 | 2.50 | ||||
Net Interest Margin - NIM | 2.03% | 2.08% | 1.99% | 2.01% | 2.03% | 2.34% | 2.54% | 2.86% | 3.13% | 3.04% | 2.95% | 2.31% | 3.04% | ||||
Demand Deposit Ratio - NIBs | 71.2% | 75.1% | 77.5% | 81.9% | 76.3% | 74.5% | 71.5% | 66.0% | 66.1% | 60.67% | 59.48% | 71% | 59% | ||||
Cost/Income ratio | 43.5% | 40.9% | 45.2% | 49.1% | 41.8% | 38.5% | 33.7% | 38.7% | 31.3% | 32.5% | 32.2% | 37.6% | 32.0% | ||||
Cost of Risk - CoR | 0.00% | 0.06% | 0.03% | 0.96% | 0.13% | 0.30% | 0.08% | 0.45% | 0.47% | 0.28% | 0.27% | 0.17% | 0.34% | ||||
Non-performing loans ratio - NPL+POCI | 5.6% | 5.4% | 5.1% | 4.6% | 4.4% | 4.4% | 4.4% | 4.3% | 4.0% | 3.8% | 3.6% | 4.4% | 3.6% | ||||
Non-performing loans ratio - NPL | 3.3% | 3.2% | 2.9% | 2.4% | 2.3% | 2.3% | 2.3% | 2.3% | 2.0% | 1.9% | 1.8% | 2.3% | 1.8% | ||||
Provision coverage | 131.9% | 131.8% | 143.1% | 159.2% | 158.2% | 141.9% | 134.0% | 140.0% | 146.4% | 151.2% | 152.6% | 134.0% | 152.6% | ||||
Loans-to-deposits ratio | 85.3% | 86.4% | 90.7% | 89.7% | 90.8% | 84.9% | 90% | 85.5% | 84.5% | 89.2% | 93% | 90.3% | 93% | ||||
Liquidity Coverage Ratio - LCR | 235.0% | 209.8% | 188.8% | 178.2% | 156.5% | 157.8% | 179.2% | 171.9% | 207.0% | 179.2% | 187.8% | 179.2% | 187.8% | ||||
Return on Tangible Equity - ROTE | 9.7% | 8.9% | 8.4% | 4.0% | 9.5% | 10.1% | 13.9% | 11.3% | 15.9% | 13.5% | 16.0% | 11.2% | 15.2% | ||||
ROTE excluding discontinued operations | 9.9% | 8.9% | 8.4% | 4.1% | 9.7% | 10.2% | 14.0% | 11.5% | 15.9% | 13.5% | 16.0% | 11.3% | 15.2% | ||||
Return on Equity - RoE | 7.8% | 7.1% | 6.7% | 3.3% | 7.7% | 8.1% | 11.2% | 9.2% | 12.8% | 10.9% | 12.9% | 9.0% | 12.3% | ||||
Return on Assets - RoA | 1.5% | 1.4% | 1.3% | 0.6% | 1.5% | 1.5% | 2.0% | 1.6% | 2.2% | 1.9% | 2.2% | 1.7% | 2.1% | ||||
Common equity tier 1 ratio - CET1 | 19.6% | 19.6% | 19.3% | 19.3% | 18.5% | 18.4% | 18.0% | 17.7% | 17.2% | 16.5% | 16.3% | 18.0% | 16.3% | ||||
Capital Adequacy ratio | 22.4% | 22.3% | 21.9% | 21.8% | 21.0% | 20.7% | 20.3% | 19.9% | 19.3% | 18.6% | 18.4% | 20.3% | 18.4% | ||||
PUBLIC
SAB Data pack | | 3Q23 Performance | ||||||||||||||
Income Statement - Summary (SAR mln) | |||||||||||||||
Three months ending | Nine months ending | ||||||||||||||
31-Mar-21 | 30-Jun-21 | 30-Sep-21 | 31-Dec-21 | 31-Mar-22 | 30-Jun-22 | 30-Sep-22 | 31-Dec-22 | 31-Mar-23 | 30-Jun-23 | 30-Sep-23 | 30-Sep-22 | 30-Sep-23 | |||
Special commission income | 1,618 | 1,642 | 1,556 | 1,563 | 1,590 | 2,013 | 2,521 | 3,198 | 3,801 | 4,089 | 4,458 | 6,124 | 12,348 | ||
Special commission expense | (191) | (174) | (150) | (147) | (176) | (295) | (536) | (907) | (1,267) | (1,562) | (1,880) | (1,007) | (4,708) | ||
Net special commission income | 1,427 | 1,467 | 1,407 | 1,416 | 1,414 | 1,718 | 1,985 | 2,292 | 2,534 | 2,527 | 2,579 | 5,117 | 7,640 | ||
Net fee and commission income | 270 | 256 | 272 | 174 | 261 | 243 | 221 | 162 | 284 | 269 | 351 | 724 | 904 | ||
Net FX and investment income | 211 | 204 | 214 | 296 | 313 | 273 | 311 | 330 | 406 | 263 | 332 | 897 | 1,001 | ||
Other operating income, net | 65 | (4) | (7) | 11 | 25 | 8 | 98 | (2) | (7) | 7 | (14) | 131 | (14) | ||
Total operating income | 1,973 | 1,923 | 1,886 | 1,897 | 2,013 | 2,242 | 2,615 | 2,781 | 3,218 | 3,067 | 3,247 | 6,870 | 9,532 | ||
Salaries and employee related expenses | (408) | (383) | (454) | (490) | (411) | (435) | (449) | (514) | (510) | (529) | (502) | (1,295) | (1,540) | ||
Rent and premises related | (20) | (9) | (15) | (18) | (12) | (10) | (10) | (18) | (18) | (14) | (20) | (32) | (51) | ||
Depreciation and amortization | (187) | (161) | (141) | (132) | (116) | (116) | (116) | (117) | (117) | (110) | (192) | (348) | (419) | ||
General and administrative expenses | (243) | (234) | (243) | (291) | (302) | (302) | (306) | (428) | (362) | (343) | (331) | (910) | (1,036) | ||
Total operating expenses | (858) | (787) | (853) | (931) | (841) | (863) | (881) | (1,077) | (1,006) | (996) | (1,045) | (2,585) | (3,047) | ||
Profit before provision for expected credit losses, net | 1,115 | 1,136 | 1,033 | 966 | 1,172 | 1,379 | 1,734 | 1,704 | 2,211 | 2,071 | 2,203 | 4,285 | 6,485 | ||
Provision for expected credit losses, net | (2) | (26) | (13) | (414) | (60) | (136) | (38) | (212) | (229) | (139) | (144) | (233) | (512) | ||
Income from operating activities | 1,113 | 1,110 | 1,020 | 552 | 1,112 | 1,243 | 1,697 | 1,492 | 1,983 | 1,932 | 2,058 | 4,051 | 5,973 | ||
Share in earnings of an associate | 39 | 25 | 20 | 47 | 68 | 53 | 47 | 5 | 30 | 47 | 59 | 168 | 136 | ||
Net income for the period before Zakat and income tax | 1,152 | 1,135 | 1,040 | 600 | 1,179 | 1,296 | 1,743 | 1,496 | 2,012 | 1,979 | 2,118 | 4,219 | 6,109 | ||
Provision for Zakat and income tax | (167) | (212) | (150) | (166) | (163) | (203) | (231) | (239) | (248) | (429) | (287) | (597) | (964) | ||
Net income for the period after Zakat and income tax from | 985 | 924 | 890 | 433 | 1,016 | 1,093 | 1,512 | 1,258 | 1,765 | 1,550 | 1,830 | 3,622 | 5,145 | ||
continuing operations | |||||||||||||||
Net loss from discontinued operations | (14) | (5) | (5) | (6) | (12) | (12) | (6) | (24) | - | - | - | (30) | - | ||
Net income for the period after Zakat and income tax | 970 | 918 | 885 | 427 | 1,004 | 1,082 | 1,506 | 1,234 | 1,765 | 1,550 | 1,830 | 3,592 | 5,145 | ||
Attributable to: | - | - | - | - | |||||||||||
Equity holders of the Bank | 974 | 919 | 885 | 427 | 1,006 | 1,083 | 1,505 | 1,234 | 1,765 | 1,550 | 1,830 | 3,593 | 5,145 | ||
Non-controlling interest | (4) | 0 | 0 | 0 | (2) | (1) | 2 | (1) | - | - | - | (1) | - | ||
Net income for the period after Zakat and income tax | 970 | 919 | 886 | 427 | 1,004 | 1,082 | 1,506 | 1,234 | 1,765 | 1,550 | 1,830 | 3,592 | 5,145 | ||
Balance Sheet - Summary (SAR mln) | As at | As at | |||||||||||||
31-Mar-21 | 30-Jun-21 | 30-Sep-21 | 31-Dec-21 | 31-Mar-22 | 30-Jun-22 | 30-Sep-22 | 31-Dec-22 | 31-Mar-23 | 30-Jun-23 | 30-Sep-23 | 30-Sep-22 | 30-Sep-23 | |||
Assets | |||||||||||||||
Cash and balances with SAMA | 22,670 | 17,009 | 13,961 | 14,909 | 14,162 | 24,716 | 15,144 | 19,259 | 21,908 | 15,938 | 16,163 | 15,144 | 16,163 | ||
Due from banks and other financial institutions | 8,960 | 9,695 | 5,820 | 5,993 | 7,405 | 9,141 | 2,085 | 5,872 | 6,041 | 6,019 | 3,145 | 2,085 | 3,145 | ||
Assets classified as held for sale | - | - | 68 | - | 942 | 1,305 | 955 | - | - | - | - | 955 | - | ||
Positive fair value derivatives | 1,423 | 1,409 | 1,463 | 1,110 | 1,165 | 1,554 | 2,624 | 2,538 | 2,117 | 2,491 | 3,821 | 2,624 | 3,821 | ||
Investments, net | 63,225 | 65,135 | 66,106 | 64,904 | 65,588 | 73,064 | 78,786 | 86,363 | 90,979 | 93,530 | 88,796 | 78,786 | 88,796 | ||
Loans and advances, net | 156,710 | 161,444 | 163,500 | 167,556 | 176,148 | 176,214 | 183,160 | 183,132 | 191,001 | 198,671 | 211,404 | 183,160 | 211,404 | ||
Investment in an associate | 658 | 584 | 536 | 583 | 651 | 548 | 595 | 599 | 629 | 424 | 483 | 595 | 483 | ||
Property and equipment, net | 3,196 | 3,278 | 3,168 | 3,246 | 3,317 | 3,420 | 3,500 | 3,622 | 3,607 | 3,688 | 3,668 | 3,500 | 3,668 | ||
Goodwill and intangibles | 10,925 | 10,803 | 10,776 | 10,741 | 10,722 | 10,680 | 10,872 | 10,790 | 10,771 | 10,702 | 10,678 | 10,872 | 10,678 | ||
Other assets | 3,788 | 3,583 | 4,155 | 3,353 | 2,592 | 1,896 | 2,378 | 2,229 | 1,832 | 3,451 | 2,320 | 2,378 | 2,320 | ||
Total Assets | 271,555 | 272,940 | 269,552 | 272,396 | 282,692 | 302,539 | 300,099 | 314,404 | 328,885 | 334,913 | 340,478 | 300,099 | 340,478 |
Liabilities and Equity | |||||||||||
Liabilities | |||||||||||
Due to banks and other financial institutions | 17,170 | 14,093 | 17,986 | 14,664 | 17,135 | 22,627 | 23,041 | 25,517 | 26,354 | 32,957 | 32,478 |
183,690 | 186,828 | 180,248 | 186,761 | 193,889 | 207,451 | 202,864 | 214,279 | 225,983 | 222,734 | 228,053 | |
Debt securities in issue | 5,026 | 5,062 | 5,026 | 5,062 | 5,028 | 5,066 | 5,049 | 5,115 | 5,071 | 5,167 | 5,074 |
Liabilities directly associated with assets classified as held for sale | - | - | - | - | 736 | 805 | 763 | - | - | - | - |
Negative fair value derivatives | 2,011 | 2,037 | 1,967 | 1,515 | 1,047 | 1,165 | 1,826 | 1,907 | 1,686 | 2,137 | 3,294 |
Other liabilities | 11,623 | 12,038 | 11,724 | 11,367 | 11,079 | 11,518 | 13,013 | 12,949 | 12,756 | 15,225 | 16,041 |
Total Liabilities | 219,521 | 220,059 | 216,951 | 219,368 | 228,915 | 248,632 | 246,556 | 259,767 | 271,851 | 278,220 | 284,939 |
Equity | |||||||||||
Equity attributable to equity holders of the Bank | |||||||||||
Share capital | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 |
Share premium | 8,525 | 8,525 | 8,525 | 8,525 | 8,525 | 8,525 | 8,525 | 8,525 | 8,525 | 8,525 | 8,525 |
Statutory reserve | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 | 20,548 |
Other reserves | 628 | 161 | (30) | (30) | (286) | (535) | (1,143) | (1,182) | (596) | (1,005) | (1,949) |
Retained earnings | 1,685 | 2,998 | 2,909 | 3,335 | 4,342 | 4,722 | 4,964 | 6,198 | 8,009 | 8,076 | 7,867 |
Total equity attributable to equity holders of the Bank | 51,933 | 52,779 | 52,499 | 52,926 | 53,677 | 53,808 | 53,442 | 54,637 | 57,034 | 56,693 | 55,539 |
Non-controlling interest | 101 | 102 | 102 | 102 | 100 | 99 | 101 | - | - | - | - |
Total equity | 52,035 | 52,881 | 52,601 | 53,029 | 53,777 | 53,907 | 53,543 | 54,637 | 57,034 | 56,693 | 55,539 |
Total liabilities and equity | 271,555 | 272,940 | 269,552 | 272,396 | 282,692 | 302,539 | 300,099 | 314,404 | 328,885 | 334,913 | 340,478 |
23,041 | 32,478 |
202,864 | 228,053 |
5,049 | 5,074 |
763 | - |
1,826 | 3,294 |
13,013 | 16,041 |
246,556 | 284,939 |
20,548 | |
20,548 | |
8,525 | 8,525 |
20,548 | 20,548 |
(1,143) | (1,949) |
4,964 | 7,867 |
53,442 | 55,539 |
101-
53,543 55,539
300,099 340,478
PUBLIC
SAB Data pack | | 3Q23 Performance | |||||||||||||||
Segmental Information (SAR mln) | Three months ending | Nine months ending | ||||||||||||||
31-Mar-21 | 30-Jun-21 | 30-Sep-21 | 31-Dec-21 | 31-Mar-22 | 30-Jun-22 | 30-Sep-22 | 31-Dec-22 | 31-Mar-23 | 30-Jun-23 | 30-Sep-23 | 30-Sep-22 | 30-Sep-23 | ||||
Wealth & Personal Banking | ||||||||||||||||
Net special commission income | 560 | 541 | 533 | 527 | 531 | 583 | 629 | 661 | 716 | 770 | 762 | 1,742 | 2,248 | |||
Non-funds income | 97 | 73 | 85 | 106 | 119 | 123 | 103 | 77 | 102 | 88 | 133 | 346 | 323 | |||
Operating expenses | (463) | (406) | (390) | (431) | (417) | (423) | (431) | (493) | (479) | (463) | (475) | (1,271) | (1,417) | |||
Expected credit losses | 308 | (28) | 171 | 48 | 36 | 0 | 41 | 4 | 31 | (32) | (20) | 77 | (21) | |||
Profit before Zakat and Income tax | 501 | 180 | 398 | 251 | 269 | 284 | 341 | 248 | 371 | 363 | 400 | 894 | 1,135 | |||
Corporate & Institutional Banking | ||||||||||||||||
Net special commission income | 546 | 623 | 542 | 550 | 612 | 804 | 1,154 | 1,362 | 1,431 | 1,393 | 1,449 | 2,570 | 4,273 | |||
Non-funds income | 305 | 249 | 262 | 162 | 292 | 233 | 218 | 182 | 251 | 269 | 331 | 744 | 851 | |||
Operating expenses | (330) | (326) | (337) | (390) | (333) | (359) | (343) | (397) | (358) | (367) | (409) | (1,036) | (1,134) | |||
Expected credit losses | (309) | 2 | (187) | (462) | (97) | (140) | (76) | (217) | (258) | (104) | (126) | (313) | (489) | |||
Profit before Zakat and Income tax | 213 | 548 | 281 | (141) | 473 | 538 | 954 | 931 | 1,066 | 1,192 | 1,245 | 1,965 | 3,502 | |||
Treasury | ||||||||||||||||
Net special commission income | 323 | 304 | 335 | 338 | 269 | 328 | 194 | 244 | 362 | 338 | 337 | 792 | 1,037 | |||
Non-funds income | 135 | 109 | 127 | 191 | 200 | 161 | 207 | 225 | 289 | 140 | 173 | 568 | 601 | |||
Operating expenses | (46) | (42) | (44) | (59) | (74) | (82) | (88) | (118) | (94) | (92) | (96) | (244) | (282) | |||
Expected credit losses | (1) | 1 | 3 | 1 | 1 | 4 | (1) | 0 | (2) | (2) | 2 | 4 | (3) | |||
Profit before Zakat and Income tax | 412 | 373 | 421 | 471 | 396 | 411 | 312 | 351 | 556 | 383 | 416 | 1,119 | 1,354 | |||
Capital Markets | ||||||||||||||||
Net special commission income | 2 | (1) | 1 | 1 | 2 | 3 | 7 | 24 | 24 | 27 | 30 | 12 | 81 | |||
Non-funds income | 3 | 8 | 6 | 6 | 6 | 6 | 120 | 43 | 40 | 53 | 52 | 131 | 146 | |||
Operating expenses | (3) | (26) | (23) | (12) | (25) | (26) | (36) | (59) | (54) | (56) | (57) | (87) | (167) | |||
Expected credit losses | - | - | - | (0) | (0) | (0) | (1) | 1 | - | (0) | - | (1) | (0) | |||
Profit before Zakat and Income tax | 2 | (19) | (16) | (5) | (17) | (17) | 90 | 9 | 11 | 24 | 25 | 55 | 59 | |||
Others | ||||||||||||||||
Net special commission income | (5) | 0 | (5) | 1 | 0 | (0) | - | - | - | - | - | - | - | |||
Non-funds income | 6 | 16 | (1) | 14 | (19) | 1 | (18) | (38) | 0 | (11) | (19) | (36) | (30) | |||
Operating expenses | (16) | 14 | (58) | (40) | 9 | 27 | 17 | (10) | (21) | (19) | (8) | 54 | (47) | |||
Expected credit losses | - | - | - | - | - | - | - | - | - | - | - | - | - | |||
Share in earnings of associates | 39 | 25 | 20 | 47 | 68 | 53 | 47 | 5 | 30 | 47 | 59 | 168 | 136 | |||
Profit before Zakat and Income tax | 24 | 55 | (43) | 23 | 58 | 81 | 47 | (43) | 9 | 17 | 32 | 186 | 58 | |||
As at | As at | |||||||||||||||
31-Mar-21 | 30-Jun-21 | 30-Sep-21 | 31-Dec-21 | 31-Mar-22 | 30-Jun-22 | 30-Sep-22 | 31-Dec-22 | 31-Mar-23 | 30-Jun-23 | 30-Sep-23 | 30-Sep-22 | 30-Sep-23 | ||||
Loans & advances- net | ||||||||||||||||
Wealth & Personal Banking | 36,845 | 37,217 | 38,224 | 39,630 | 42,468 | 43,461 | 44,316 | 45,512 | 47,171 | 48,160 | 50,678 | 44,316 | 50,678 | |||
' - of which Home Loans | 19,444 | 19,666 | 19,614 | 19,781 | 20,161 | 20,634 | 21,150 | 21,956 | 23,359 | 24,197 | 26,001 | 21,150 | 26,001 | |||
Corporate & Institutional Banking | 119,696 | 124,060 | 125,185 | 127,846 | 133,578 | 132,609 | 137,576 | 136,430 | 142,566 | 149,262 | 159,404 | 137,576 | 159,404 | |||
Capital Markets | 169 | 167 | 91 | 81 | 102 | 145 | 1,268 | 1,190 | 1,264 | 1,250 | 1,322 | 1,268 | 1,322 | |||
Total Loans and Advances | 156,710 | 161,444 | 163,500 | 167,556 | 176,148 | 176,214 | 183,160 | 183,132 | 191,001 | 198,671 | 211,404 | 183,160 | 211,404 | |||
Customer Deposits | ||||||||||||||||
Wealth & Personal Banking | 78,577 | 77,889 | 76,365 | 77,676 | 76,420 | 75,401 | 74,228 | 71,705 | 75,984 | 79,423 | 76,598 | 74,228 | 76,598 | |||
Corporate & Institutional Banking | 94,439 | 100,549 | 97,869 | 105,401 | 111,181 | 124,519 | 117,215 | 129,751 | 142,408 | 130,104 | 136,847 | 117,215 | 136,847 | |||
Treasury | 10,674 | 8,390 | 6,014 | 3,684 | 6,288 | 7,531 | 11,421 | 12,823 | 7,591 | 13,207 | 14,608 | 11,421 | 14,608 | |||
Total Customer Deposits | 183,690 | 186,828 | 180,248 | 186,761 | 193,889 | 207,451 | 202,864 | 214,279 | 225,983 | 222,734 | 228,053 | 202,864 | 228,053 |
Note: Rounding differences may appear in the above tables
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Key Ratios
Net Interest Margin (NIM)
Demand deposit ratio (NIBs)
Cost-Income ratio
Cost of Risk (CoR)
Non performing loans ratio (NPL)
Provision coverage
Loans-to-deposits ratio (LDR)
Liquidity coverage ratio (LCR)
Return on Tangible Equity (RoTE)
Tangible Equity
Return on Equity (RoE)
Return on Assets (RoA)
CET1 ratio (Common Equity Tier1)
Capital Adequacy ratio
Note: Annualisation of ratios based on actual/actual day count
Definition
NIM is calculated as the percentage of net special commission income for the period to the average net special commission income earning assets during the period. The average of the net special commission income assets is calculated using daily averages.
Demand deposit ratio is calculated by dividing the closing demand deposits by total customer deposits at the end of the period.
Cost-income ratio is calculated by dividing total operating expenses (costs) by total operating income (revenue) for the period.
Cost of risk is calculated by dividing the expected credit losses for the period by the average gross loans for the period. Quarterly cost of risk uses a 2-point average, first half uses a 3-point average and the full year uses a 5-point average.
Non performing loans ratio is calculated by dividing the non performing loans by total total loan and advances at the end of the period.
Provision converge is calculated by dividing the provision by non performing loans at the end of there period.
Loans to deposits ratio is calculated by dividing the closing net loans and advances by total customer deposits at the end of the period.
The LCR is calculated by dividing a bank's high-quality liquid assets by its total net cash flows, over a 30-day stress period. The high-quality liquid assets include only those with a high potential to be converted easily and quickly into cash. The three categories of liquid assets with decreasing levels of quality are level 1, level 2A, and level 2B.
Return on tangible equity is calculated by dividing the net income after zakat and income taxes by the average tangible equity for the period. Quarterly RoTE uses a 2-point average, first half uses a 3-point average and the full year uses a 5-point average.
Tangible equity is calculated by deducting goodwill and intangibles from total equity at the end of the period.
Return on equity is calculated by dividing the net income after zakat and income taxes by the average equity for the period. Quarterly RoE uses a 2-point average, first half uses a 3-point average and the full year uses a 5-point average.
Return on Assets is calculated by dividing the net income after zakat and income taxes by the average assets for the period. Quarterly RoA uses a 2-point average, first half uses a 3-point average and the full year uses a 5-point average.
Common Equity Tier 1 (CET1) ratio measures the level of CET1 capital as a percentage of total risk weighted assets.
CET1 capital is the highest quality form of regulatory capital under Basel III that comprises of common shares issued and related share premium, retained earnings and other reserves excluding the cash flow hedging reserve, less specified regulatory adjustments.
The ratio calculated by dividing the Tier I capital by Pillar I Risk Weighted Assets.
The Total Capital Ratio is defined as the banks Total Capital divided by the Total Risk Weighted Assets, where total capital is a measure of the bank's qualifying capital in the calculation of its risk based capital reserves - it consists of both Tier 1 and Tier 2 capital.
Total Capital Ratio = Total Capital / Total Risk Weighted Assets (Pillar I and II)
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Disclaimer
The Saudi British Bank SJSC published this content on 07 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 12:06:08 UTC.