3Q 2021 Investor Presentation
Segmental Performance - Corporate
Strong income growth partly more than offset by rising impairments and expenses
SAR (mn)
9M 2021 9M 2020 A%
3Q 2021 3Q 2020 A%
Corporate NPL (%)
3.0%
مصرف الإنماء
alinma bank
Income from investments and
financing, net
1,543
1,221
+26%
624
460
+36%
Fees from services & other income
127
141
-10%
32
71
-55%
2.5%
Total operating income
1,670
1,362
+23%
656
531
+23%
Total operating expenses
234
206
+13%
89
72
+24%
2.0%
Total charges/(reversals) for
impairments
1,083
672
+61%
311
169
+84%
9M 20
FY 20
1Q 21
1H 21
9M 21
Income for the period before zakat
353
484
-27%
255
290
-12%
NPL ratio
Corporate Deposits (SARbn)
5.1
5.2
6.3
+313%
Corporate Financing (SARbn)
+9%
21.4
19.0
85.0
90.3
94.8
97.1
98.8
3Q 20
4Q 20
QoQ
+2%
1Q 21
+22%
2Q 21
+200%
3Q 21
+13%
3Q 20
4Q 20
1Q 21
2Q 21
3Q 21
QoQ
+6%
+5%
+2%
+2%
3Q 2021 INVESTOR PRESENTATION
2.7%
Management Commentary
☐
Corporate operating income increased by 23%
from a strong increase in funded income (+26%).
Corporate net income saw a 27% decline however
largely due to an increase in impairments of 61%.
Corporate deposits saw significant growth of
313% YTD, mainly from a re-allocation of accounts
from the Treasury segment during 2Q 2021, while
corporate financing increased 9% YTD.
The corporate NPL ratio was stable during 9M
2021, while cost of risk rose 35bps YoY.
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