1Q 2021 Results Presentation - Bank of the Future
Net Income Trends
Solid net profit growth of 40% YoY
مصرف الراجحي
Al Rajhi Bank
Net Income For The Period Before Zakat (SARmn)
SAR (mn)
1Q 2021 4Q 2020 QoQ
1Q 2020
YOY
+40.1%
Net financing and investment income
Fee from banking services, net
4,771
4,638
+3%
4,110
+16%
909
864
+5%
618
+47%
3,480
3,719
Exchange Income, net
175
210
-16%
207
-15%
2,654
2,716
2,963
Other operating income, net
93
82
+13%
32
+190%
Fees and other income
Total operating income
1,177
1,155
+2%
857
+37%
5,948
5,794
+3%
4,968
+20%
Operating expenses
(1,652)
(1,763) -6%
(1,621)
+2%
Pre-provision profit
4,296
4,030
7%
3,347
28%
Total impairment charge
(577)
(550)
+5%
(693)
-17%
Net income for the period before Zakat
Zakat
3,719
3,480
+7%
2,654
+40%
(383)
(359)
+7%
(274)
+40%
1Q 20
2Q 20
3Q 20
4Q 20
1Q 21
Net income for the period after Zakat
3,335
3,121
+7%
2,380
+40%
Net Income Before Zakat Growth Drivers By Type (SARmn)
660
320
2,654
+40.1%
(31)
Net Income Before Zakat Growth Drivers By Type (SARmn)
+6.9%
116
3,719
3,480
132
22
112
1Q 20
Yield
Non- Expenses
Yield
Impair-
ments
1Q 21
Al Rajhi Bank
1Q 2021 Results Presentation
11
(27)
3,719
4Q 20
Yield
Non- Expenses
Yield
Impair-
ments
1Q 21
Bank Of The FutureView entire presentation