Investor Presentation
Retail Segment
Profile / Strategy / Sustainability / Environment / Financials / Appendix
Retail net income declined 57% YoY from higher impairments and operating
expenses
Net income before zakat of the Retail
segment declined by 57% to SAR 351 mn for
9M 2023 mainly due to increase in
provisioning and operating expenses on the
back of the improving provision coverage and
investments in infrastructure and digital
capabilities.
Total operating income declined by 2% YoY
for 9M 2023, while increasing by 5% for 3Q
2023.
Total Operating Income (SARmn)
+5%
943
34
1,011
994
37
Net Income Before Zakat Movement YoY (SARmn)
SAR (mn)
3Q-2023 3Q-2022
YoY %
Change
9M-2023
9M-2022
YoY %
Change
-57%
NSCI
979
909
+8%
3,024
3,062 -1%
808
Fee & other income
15
34
-56%
99
135
-27%
(38)
Total operating income
Operating expenses
before impairments
Impairments
994
943
+5%
3,123
3,197 -2%
(36)
351
(184)
(836)
(789)
+6%
(2,378) (2,194) +8%
(200)
(94)
(75)
+25%
(395)
(195)
+102%
9M-22
-1%
NSCI
-27%
+8%
+102%
Net income before
zakat
65
79
-18%
351
808
-57%
Fee & other Opex before Impairments
income impairments
9M-23
Net Income Before Zakat (SARmn)
-18%
100
45
15
79
974
979
909
Loans & Advances, Net (SARbn)
+8%
Deposits (SARbn)
+7%
96.1
97.2
104.7
103.3
89.7
96.3
65
|||
-2%
QoQ
-35%
QoQ
+1%
QoQ
-1%
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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