1Q 2021 Results Presentation - Bank of the Future
ARB had an excellent start to the year 2021
Results in line with or ahead of expectations
Strong 9% QoQ
Balance Sheet Growth
13% Growth in financing driven
by mortgages
10% Growth in liabilities
Stable LDR
Net Financing
Total Liabilities
Loan to Deposit Ratio
+12.8%
315.7bn
4Q 2020
+10.3%
356.1bn
1Q 2021
410.7bn
4Q 2020
453.Obn
79%
-
4Q 2020
1Q 2021
کمر
Solid 40% net income
growth YoY
16% Net yield income growth,
impacted by slightly lower NPM
Net Yield income
4,110mn
1Q 2020
+16%
37% Non yield income growth
Non Yield Income
+37%
4,771mn
857mn
1Q 2021
1Q 2020
COR stable
Stable credit quality
Cost of risk
0.75%
FY 2020
مصرف الراجحي
Al Rajhi Bank
81%
1Q 2021
20% Operating Income growth
Operating Income
1,177mn
4,968mn
1Q 2021
1Q 2020
+20%
5,948mn
1Q 2021
Moderate improvement in NPL
ratio from strong loan growth
NPL
0.76%
4Q 2020
0.67%
0.70%
1Q 2021
1Q 2021
NPL coverage remained strong
and stable
NPL Coverage
306%
4Q 2020
-
318%
1Q 2021
Key Ratios
Improved operating efficiency by
4.8ppt
Cost to income ratio
32.6%
1Q 2020
Capital position above regulatory
minima
Total Capital Adequacy Ratio
18.6%
Al Rajhi Bank
1Q 2021 Results Presentation
1Q 2020
27.8%
1Q 2021
3.
17.9%
1Q 2021
Lower NPM
NPM
5.00%
4.56%
1Q 2020
1Q 2021
Bank Of The FutureView entire presentation