Investor Presentation
Income Statement Summary
Profile / Strategy / Sustainability / Environment / Financials / Appendix
Net income reached SAR 6,091 million for 9M 2023, a growth of 22% from
rising operating income, resulting in 18.0% ROAE before zakat
SAR (mn)
3Q-2023
3Q-2022
YoY %
Change
9M-2023
9M-2022
YoY %
Change
Net Income Movement YoY (SARmn)
NSCI
3,075
2,672
+15%
9,272
7,201
+29%
+22%
Fee & other income
903
853
+6%
2,694
2,656
+1%
Total operating income
3,978
3,525
+13%
11,967
9,857
+21%
2,072
38
Expenses before impairments
(1,299)
(1,174)
+11%
(3,695)
(3,272)
+13%
4,991
Impairments
(353)
(308)
+14%
(1,489)
(917)
+62%
Net operating income
2,327
2,042
+14%
6,783
5,668
+20%
6,091
(422)
(572)
(15)
Associates
3
(3)
-235%
8
(75)
-111%
Net income before zakat & tax
2,330
2,040
+14%
6,792
5,593
+21%
Zakat
(241)
(212)
+14%
(700)
(602)
+16%
Net income
2,089
1,828
+14%
6,091
4,991
+22%
9M-22
+29%
NSCI
+1%
+13%
+62%
+2%
ROAE before zakat
18.3%
17.5%
+0.8%
18.0%
15.9%
+2.2%
Fee & other Opex before Impairments
income impairments
Other
9M-23
Total Operating Income (SARmn)
+13%
Net Income (SARmn)
+14%
4,036
3,952
3,978
3,742
2,028
2,020
2,089
1,982
3,525
1,828
3Q-23
Net income (after zakat) reached SAR 6,091 million for 9M
2023, an increase of 22% compared with corresponding
period of last year.
ā Quarterly net income amounted to SAR 2,089 million for 3Q
2023, an increase of +14% compared with 3Q 2022 and 5%
compared to 2Q 2023.
Net income growth comes mainly from rising operating
income partially offset by the increase in expenses (+13%) as
well as impairments (+62%) due to proactive provisioning.
Total operating income amounted to SAR 11,967 million for
9M 2023, growing by +21% mainly due to an increase in net
special commission income.
LLLLL
4Q-22
-0%
1Q-23
-2%
2Q-23
+5%
QoQ
+6%
+8%
-2%
+1%
QoQ
+11%
3Q-22
4Q-22
1Q-23
2Q-23
3Q-23
3Q-22
Riyad Bank - Investor Presentation - 30/09/23
General Business
33View entire presentation