Investor Presentation
Treasury and Investments
Profile / Strategy / Sustainability / Environment / Financials / Appendix
Treasury and Investments net income before zakat almost doubled YoY due to
higher net special commission income
Net income before zakat of the Treasury and
Investments segment increased by 94% to
SAR 1,688 mn for 9M 2023 due to increase in
net special commission income as well as
lower impairments.
Total operating income increased by 47% YoY
for 9M 2023, while declining by 17% for 3Q
2023.
Net special commission income increased by
109% YoY for 9M 2023 on the back of the
increasing investments portfolio by 11% and
rising rates environment.
+94%
178
83
1,688
Net Income Before Zakat Movement YoY (SARmn)
SAR (mn)
3Q-2023 3Q-2022
YoY %
Change
9M-2023
9M-2022
YoY %
Change
NSCI
362
428
-15%
Fee & other income
168
209
-20%
1,117
795
768
Total operating income
531
638
-17%
1,911
535 +109%
+3%
1,303 +47%
582
26
869
Operating expenses
(36)
(37) -4%
(153)
before impairments
Impairments
(32)
(80) -59%
(78)
Other income
(expenses)
3
(3) -235%
8
(104) +47%
(256) -69%
(75) -111%
9M-22
+109%
NSCI
Net income before
zakat
+3%
+47%
Fee & other Opex before
income impairments
-69%
Impair-
ments
-111%
Other
9M-23
466
519
-10%
1,688
869
+94%
(49)
Total Operating Income (SARmn)
638
209
-17%
687
531
262
428
425
-23%
QoQ
3Q-22
2Q-23
3Q-23
NSCI
Fee & other income
Riyad Bank - Investor Presentation - 30/09/23
168
362
Net Income Before Zakat (SARmn)
-10%
Investments, Net (SARbn)
+11%
596
55.1
56.6
51.0
519
466
-22%
QoQ
+3%
QoQ
3Q-22
2Q-23
3Q-23
4Q-22
2Q-23
3Q-23
General Business
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