The Saudi National Bank announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

The Saudi National Bank announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|

|Total income from Special Commissions/Financing & Investments||8,227||6,803||20.93||6,918||18.92|

|Net Income from Special Commissions/Financing & Investments||6,806||5,888||15.59||6,085||11.85|

|Total Operation Profit (Loss)||8,373||7,588||10.35||8,065||3.82|

|Net Profit (Loss) before Zakat and Income Tax||5,307||2,613||103.1||5,158||2.89|

|Net Profit (Loss)||4,589||2,316||98.14||4,502||1.93|

|Total Comprehensive Income||187||3,143||-94.05||2,518||-92.57|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Current Period||Similar period for previous year||%Change|

|Total income from Special Commissions/Financing & Investments||15,144||11,703||29.4|

|Net Income from Special Commissions/Financing & Investments||12,891||10,066||28.06|

|Total Operation Profit (Loss)||16,438||13,307||23.53|

|Net Profit (Loss) before Zakat and Income Tax||10,465||6,430||62.75|

|Net Profit (Loss)||9,091||5,724||58.82|

|Total Comprehensive Income||2,705||5,232||-48.3|

|Total Share Holders Equity (after Deducting Minority Equity)||160,988||159,694||0.81|

|Assets||958,473||897,356||6.81|

|Investments||247,851||228,860||8.3|

|Loans and Advances Portfolio (Financing & Investment)||536,189||501,803||6.85|

|Clients' deposits||593,011||588,135||0.83|

|Profit (Loss) per Share||1.99||1.46|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is|| The net income attributable to equity holders increased by 98.1% driven by higher total operating income and lower net impairment charges.

|

Total operating income increased by 10.3% mainly due to higher net special commission income and fees from banking services. These were partially offset by lower investment income.

Total operating expenses including impairment were lower by 36.5% mainly due to lower rent and premises-related expenses, amortization of intangible assets, other general and administrative expenses, and net impairment charge for expected