2Q 2023 Investor Presentation
Segmental Performance - Treasury
Income and net income decreased YoY
SAR (mn)
1H 2023 1H 2022
A%
2Q 2023
2Q 2022
A%
Investments (SARbn)
مصرف الإنماء
alinma bank
+4%
Income from investments and financing,
net
309
438
-29%
195
214
-9%
Investment-related income
134
241
+45%
88
147
+40%
37.7
38.3
38.5
39.9
40.1
Fees from services & other income
122
130
-6%
52
50
+3%
Total operating income
565
809
-30%
335
411
-19%
Total operating expenses
187
138
+35%
95
69
+37%
Total charges/(reversals) for impairments
2
1
+94%
(3)
(1)
+160%
Net operating income
375
670
-44%
244
344
-29%
Share of loss from an associate and joint
venture
2Q 22
3Q 22
4Q 22
1Q 23
2Q 23
3
0
1
2
-58%
QoQ
+1%
+1%
+4%
+1%
Income before Zakat
379
670
-43%
245
346
-29%
Treasury Assets (SARbn)
+21%
59.0
63.4
51.5
51.3
52.4
2Q 22
3Q 22
4Q 22
1Q 23
QoQ
-0%
+2%
+13%
2Q 2023 INVESTOR PRESENTATION
2Q 23
+7%
Management Commentary
■
Treasury operating income fell by 30% YoY to SAR 565mn in 1H 2023 due to
decrease in income from investment by 29%.
Treasury assets rose by 21% during 1H 2023 to SAR 63.4bn, driven by 4%
growth in the investment portfolio to SAR 40.1bn.
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