Investor Presentation
Corporate Segment
Profile / Strategy / Sustainability / Environment / Financials / Appendix
Corporate profitability sustained by the growth in net special commission
income, partly offset by the increase in provisioning and expenses
Net income before zakat of the Corporate
segment increased by 28% to SAR 4,366 mn
for 9M 2023 mainly due to higher net special
commission income, partly offset by the
increase in provisioning and operating
expenses.
Total operating income grew by 36% YoY for
9M 2023 and by 31% for 3Q 2023,
demonstrating growth in both NSCI and Fee &
other income.
Net Income Before Zakat Movement YoY (SARmn)
SAR (mn)
3Q-2023 3Q-2022
YoY %
Change
9M-2023 9M-2022
YoY %
Change
NSCI
Fee & other income
+28%
1,667
1,278 +30%
4,944
3,418
+45%
1,527
159
574
434
+32%
1,366
1,207 +13%
4,366
3,414
(183)
Total operating income
2,241
1,712 +31%
6,310
4,624 +36%
(550)
Operating expenses
before impairments
(343)
(261) +31%
(929)
(745) +25%
Impairments
(226)
(154)
+47%
(1,016)
(466) +118%
9M-22
+45%
NSCI
+13%
+25%
Net income before
zakat
1,672
1,296
+29%
4,366
3,414 +28%
+118%
Fee & other Opex before Impairments
income impairments
9M-23
Total Operating Income (SARmn)
1,712
434
+31%
2,037
391
1,646
1,278
2,241
Net Income Before Zakat (SARmn)
+29%
Loans & Advances, Net (SARbn)
+11%
Deposits (SARbn)
+5%
1,672
166.4
169.2
167.6
151.9
151.4
1,296
1,374
143.7
574
1,667
+10%
QoQ
+22%
QoQ
+2%
QoQ
-10%
QoQ
3Q-22
2Q-23
3Q-23
3Q-22
2Q-23
3Q-23
4Q-22
2Q-23
3Q-23
4Q-22
2Q-23
3Q-23
NSCI
Fee & other income
Riyad Bank - Investor Presentation - 30/09/23
General Business
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