4Q 2022 INVESTOR PRESENTATION
Segmental Performance - Corporate
Strong income growth and lower impairments translate to significant net income growth
SAR (mn)
FY 2022
FY 2021
A%
4Q 2022 4Q 2021
A%
Financing, Gross Composition (SARbn)
Income from investments and financing,
net
2,443
2,112
+16%
802
564
+42%
30%
Fees from services & other income
370
296
+25%
116
64
+81%
Total operating income
2,813
2,408
+17%
917
627
+46%
Total operating expenses
620
489
+27%
157
145
+8%
7%
Total charges/(reversals) for impairments
843
1,376
-39%
208
293
-29%
Income for the period before zakat
1,349
543
+148%
553
190
+191%
Corporate Deposits (SARbn)
-0%
Corporate Financing (SARbn)
+11%
18%
113.2
15%
12%
9%
9%
23.7
24.4
23.7
23.7
20.6
102.3
102.1
102.2
107.9
113.2
4Q 21
1Q 22
2Q 22
3Q 22
4Q 22
4Q 21
1Q 22
2Q 22
3Q 22
4Q 22
QoQ
-13%
+18%
-3%
+0%
QoQ
-0%
+0%
+6%
+5%
4Q 2022 INVESTOR PRESENTATION
مصرف الإنماء
alinma bank
Real Estate
Services
Government
Manufacturing
Commerce
Building & construction
Other
Management Commentary
■
☐
☐
Corporate operating income rose by 17% YoY to
SAR 2,813mn from 16% increase in funded income
and a 25% increase in non-funded income.
This income growth, together with lower
impairments, translated to 2.5x net income
growth despite a 27% rise in operating costs.
Corporate financing rose by 11% during FY 2022
while corporate deposits were stable YoY.
■ The corporate NPL ratio increased during FY 2022
to 2.2%.
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