Investor Presentaiton
Coverage ratio and the asset quality improved for most of
the banks
Coverage Ratio, % NPL/Net loans, %
Coverage Ratio¹ and NPL / Net Loans Ratio (%, Quarterly)
SNB
مصرف الراجحي
بنك الرياض
Al Rajhi Bank
riyad bank
143
142
143
138
135
342
314
177
303
306 306
151
148
ساب SABB
143
159
141
133
124
124
3.5
3.0
2.8
1.9
2.0 1.9
1.0
0.9
1.8
0.8
0.8
1.9
1.6
0.7
1.7
1.6
1.0
1.0 0.9
179
161
العربي
anb
مصرف الإنماء
alinma bank
185
180
بنك الجزيرة
125
123
112 109
100
3.0
2.9
2.8
2.7
2.6
2.5
بنك البلاد
البنك السعودي للاستثمار
BANK ALJAZIRA
The Saudi Investment Bank
Bank Albilad
167
177
177
280
280
151
170 179
191
139
177
159
4.2
101
136 3.6
142
140
114
1.4
1.2
99
1.2
250
235
2.6
235
2.1
1.9
1.7
1.8
1.5
1.2 1.2
1.0
1.6
1.3
1.4
1.8
%
2.3 2.2
1.3
2.1
1.9
KEY TAKEAWAYS
Asset quality improved further as
NPLs/Net Loan ratio decreased to 1.6% in
2021 compared to 2.0% in 2020
Aggregate coverage ratio increased to
164.4% (+16.2% points YoY)
Six of the top ten banks reported an
increase in coverage ratio, highlighting the
risk averseness of the banks
ALINMA reported a substantial increase in
coverage ratio, +62.6% points YoY to
177.1%
■ ALINMA's coverage ratio increased as
the NPL fell 20% YoY mainly as NPL's
for corporate sector decreased by 16%
YOY
On the other hand, SNB reported the
highest decrease in coverage ratio by
8.0% points to 135.5%
Note: Scaling and some numbers might not add up due to rounding
Source: Financial statements, investor presentations, A&M analysis, 1 accumulated allowance for impairment / NPL
12
ALVAREZ & MARSALView entire presentation