4Q 2021 Investor Presentation
Segmental Performance - Corporate
Strong income growth partly offset by rising impairments and expenses
مصرف الإنماء
alinma bank
SAR (mn)
FY 2021 FY 2020 A%
4Q 2021 4Q 2020 A%
Corporate Ratios (%)
3.5%
3.0%
2.9%
Income from investments and
financing, net
2,105
1,687
+25%
562
466
+21%
2.5%
Fees from services & other income
166
180
-8%
39
40
-1%
2.0%
1.5%
Total operating income
2,271
1,867
+22%
601
505
+19%
1.0%
Total operating expenses
336
273
+23%
103
67
+54%
0.5%
Total charges/(reversals) for
1,376
1,170
+18%
293
497
-41%
impairments
0.0%
Income for the period before zakat
559
425
+31%
206
(58)
-452%
FY 20
1Q 21
1H 21
9M 21
FY 21
Corporate Deposits (SARbn)
Corporate Financing (SARbn)
+358%
+13%
23.7
21.4
90.3
94.8
97.1
98.8
102.3
19.0
5.2
6.3
4Q 20
QoQ
1Q 21
+22%
2Q 21
+200%
3Q 21
4Q 21
4Q 20
1Q 21
2Q 21
3Q 21
4Q 21
+13%
+11%
QoQ
+5%
+2%
+2%
+4%
4Q 2021 INVESTOR PRESENTATION
2.1%
Management Commentary
☐
Corporate operating income increased by 22%
from a strong 25% increase in funded income.
▪ This operating income growth translated to 31%
Corporate net income growth.
Corporate deposits saw significant growth of
358% YoY, mainly from a re-allocation of accounts
from the Treasury segment during 2Q 2021, while
corporate financing increased 13% YoY.
The corporate NPL ratio declined by 80bps YoY to
2.1%.
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