SNB 2023 profit grows 8% to SAR 20B, Q4 at SAR 4.96B

05/02/2024 Argaam Exclusive

Saudi National Bank (SNB) reported a net profit of SAR 20 billion by the end of 2023, an increase of 4% from SAR 18.6 billion in the prior-year period.



Financials (M)

Item 2022 2023 Change‬
Net Special Commission Income 26,287.20 27,008.94 2.7 %
Operating Income 33,004.55 34,589.40 4.8 %
Total Provisions (1685.48) (907.90) 46.1 %
Net Income 18,580.69 20,009.97 7.7 %
Average Shares 6,000.00 6,000.00 -
EPS (Riyals) 3.10 3.33 7.7 %
EPS Diluted (Riyals) 3.02 3.23 6.9 %

The year-on-year (YoY) profit growth is mainly due to an increase of 45% in net special commission income, as the financing and investment portfolios rose by 10.3% and 4.2%, respectively.

 

Moreover, the bank’s total operating income grew by 4.8% YoY as a result of an increase in net special commission income by 2.7%, banking services fee income by 5.1%, and income from foreign currency transfers by 23.1%.

 

In addition, investment income leapt 22% YoY, partially offset by other operating expenses, which rose 21.9%.

 

The bank’s 2023 profit growth was also driven by a drop in total operating expenses, including credit losses, by 1.7%. This is due to a 45.3% YoY decrease in the net provision for expected credit losses.



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Net Special Commission Income 6,777.04 6,887.12 1.6 %
Operating Income 8,118.66 8,624.68 6.2 %
Debt Provisions (166.50) (427.02) (156.5 %)
Net Income 4,765.43 4,963.24 4.2 %
Average Shares 6,000.00 6,000.00 -
EPS (Riyals) 0.79 0.83 4.2 %
EPS Diluted (Riyal) 0.78 0.81 4.4 %

Balance Sheet (B)

Item 2022 2023 Change‬
Assets 945.50 1,037.08 9.7 %
Customer Deposits 568.28 590.05 3.8 %
Loan 545.31 601.53 10.3 %

In addition, the accelerated collections of corporate sector debts and re-evaluation of some low-value credit portfolios contributed to the bank’s profit surge.

 

The fourth-quarter net profit grew by 4% to SAR 4.96 billion from SAR 4.76 billion in Q4 2022.

 

Net profit edged down 0.9% quarter-on-quarter (QoQ) from SAR 5 billion in Q3 2023.

 

Total shareholders’ equity, excluding minority interest and sukuk, reached SAR 160.7 billion as of Dec. 31, 2023, compared to SAR 150.5 billion a year earlier.

 

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Share Price

The Saudi National Bank
32.75
(0.25) (0.76 %)

The Saudi National Bank (SNB)

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Financial Ratios
Current
Market Cap (M Riyal) 196,500.00
Shares Outstanding ((M)) 6,000.00
EPS ( Riyal) (TTM) 3.43
EPS Diluted ( Riyal) (TTM) 3.34
Book Value (BV) ( Riyal) 27.98
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 9.54
P/E (TTM) 9.54
Price/book 1.17
Return on Average Assets (%) (TTM) 1.9
Return on Average Equity (%) (TTM) 12.8
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Financial results (Million)

Period Net Special Commission Income Change Operating Income Change Debt Provisions Change
Q1 2014 2,708.28 6.9 % 3,864.29 (5.0 %) (205.65) 20.9 %
Q2 2014 2,842.93 11.7 % 4,214.98 13.9 % 91.77 158.8 %
Q3 2014 2,790.58 17.6 % 4,114.35 20.2 % (400.86) (100.8 %)
Q4 2014 3,062.34 15.8 % 4,053.41 10.5 % (480.72) (167.3 %)
Q1 2015 3,033.56 12.0 % 4,447.54 15.1 % (218.33) (6.2 %)
Q2 2015 3,122.72 9.8 % 4,282.93 1.6 % (278.85) (403.9 %)
Q3 2015 3,255.60 16.7 % 4,312.86 4.8 % (713.13) (77.9 %)
Q4 2015 3,169.96 3.5 % 4,442.37 9.6 % (390.05) 18.9 %
Q1 2016 3,435.82 13.3 % 4,723.97 6.2 % (346.63) (58.8 %)
Q2 2016 3,348.18 7.2 % 4,660.25 8.8 % (381.30) (36.7 %)
Q3 2016 3,441.72 5.7 % 4,662.80 8.1 % (839.11) (17.7 %)
Q4 2016 3,323.86 4.9 % 4,600.36 3.6 % (363.93) 6.7 %
Q1 2017 3,359.46 (2.2 %) 4,859.82 2.9 % (421.98) (21.7 %)
Q2 2017 3,472.91 3.7 % 4,478.34 (3.9 %) (477.71) (25.3 %)
Q3 2017 3,453.44 0.3 % 4,491.53 (3.7 %) (707.21) 15.7 %
Q4 2017 3,375.17 1.5 % 4,515.54 (1.8 %) (285.96) 21.4 %
Q1 2018 3,418.57 1.8 % 4,779.24 (1.7 %) 2.34 100.6 %
Q2 2018 3,573.43 2.9 % 4,660.55 4.1 % (335.31) 29.8 %
Q3 2018 3,637.42 5.3 % 4,731.60 5.3 % (610.35) 13.7 %
Q4 2018 4,493.72 33.1 % 4,755.83 5.3 % (403.75) (41.2 %)
Q1 2019 3,754.08 9.8 % 4,950.81 3.6 % (145.33) (6323.9 %)
Q2 2019 3,907.43 9.3 % 5,050.41 8.4 % (324.74) 3.2 %
Q3 2019 3,872.62 6.5 % 4,996.53 5.6 % (662.64) (8.6 %)
Q4 2019 4,848.32 7.9 % 5,576.93 17.3 % (287.23) 28.9 %
Q1 2020 4,157.22 10.7 % 5,305.26 7.2 % (396.09) (172.6 %)
Q2 2020 3,957.52 1.3 % 4,765.75 (5.6 %) (827.95) (155.0 %)
Q3 2020 4,197.76 8.4 % 5,637.61 12.8 % (378.85) 42.8 %
Q4 2020 4,372.15 (9.8 %) 5,749.32 3.1 % (348.00) (21.2 %)
Q1 2021 4,178.08 0.5 % 5,719.31 7.8 % (286.37) 27.7 %
Q2 2021 5,888.35 48.8 % 7,587.82 59.2 % (2,414.67) (191.6 %)
Q3 2021 6,205.90 47.8 % 7,874.43 39.7 % (732.08) (93.2 %)
Q4 2021 5,935.26 35.8 % 7,054.16 22.7 % (527.75) (51.7 %)
Q1 2022 6,108.44 46.2 % 8,092.89 41.5 % (386.25) (34.9 %)
Q2 2022 6,823.91 15.9 % 8,345.18 10.0 % (592.20) 75.5 %
Q3 2022 6,577.80 6.0 % 8,447.82 7.3 % (540.55) 26.2 %
Q4 2022 6,777.04 14.2 % 8,118.66 15.1 % (166.50) 68.5 %
Q1 2023 6,780.66 11.0 % 8,733.59 7.9 % (490.84) (27.1 %)
Q2 2023 6,521.82 (4.4 %) 8,494.37 1.8 % (66.10) 88.8 %
Q3 2023 6,833.34 3.9 % 8,736.77 3.4 % 76.07 114.1 %
Q4 2023 6,887.12 1.6 % 8,624.68 6.2 % (427.02) (156.5 %)
2023 27,008.94 2.7 % 34,589.40 4.8 % (907.90) 46.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2014 2,535.31 8.7 % 0.63 - 2,535.31 0.63
Q2 2014 2,425.41 21.8 % 0.60 - 2,425.41 0.60
Q3 2014 1,869.11 7.8 % 0.46 - 1,869.11 0.46
Q4 2014 1,825.33 1.7 % 0.45 - 1,825.33 0.45
Q1 2015 2,605.57 2.8 % 0.65 - 2,605.57 0.65
Q2 2015 2,362.92 (2.6 %) 0.59 - 2,362.92 0.59
Q3 2015 1,994.14 6.7 % 0.50 - 1,994.14 0.50
Q4 2015 2,126.56 16.5 % 0.53 - 2,126.56 0.53
Q1 2016 2,630.81 1.0 % 0.65 - 2,630.81 0.65
Q2 2016 2,437.54 3.2 % 0.61 - 2,437.54 0.61
Q3 2016 1,961.78 (1.6 %) 0.49 - 1,961.78 0.49
Q4 2016 2,286.72 7.5 % 0.57 - 2,286.72 0.57
Q1 2017 2,702.56 2.7 % 0.67 - 2,702.56 0.67
Q2 2017 2,417.42 (0.8 %) 0.60 - 2,417.42 0.60
Q3 2017 2,125.61 8.4 % 0.53 - 2,125.61 0.53
Q4 2017 2,556.39 11.8 % 0.64 - 2,556.39 0.64
Q1 2018 2,592.19 (4.1 %) 0.64 - 2,592.19 0.64
Q2 2018 2,166.35 (10.4 %) 0.54 - 2,166.35 0.54
Q3 2018 2,120.36 (0.2 %) 0.53 - 2,120.36 0.53
Q4 2018 2,705.58 5.8 % 0.67 - 2,705.58 0.67
Q1 2019 2,775.54 7.1 % 0.69 - 2,775.54 0.69
Q2 2019 2,685.59 24.0 % 0.67 - 2,685.59 0.67
Q3 2019 2,550.70 20.3 % 0.63 - 2,550.70 0.63
Q4 2019 3,389.61 25.3 % 0.84 - 3,389.61 0.84
Q1 2020 2,834.20 2.1 % 0.71 - 2,834.20 0.71
Q2 2020 2,087.73 (22.3 %) 0.52 - 2,087.73 0.52
Q3 2020 3,158.40 23.8 % 0.79 - 3,158.40 0.79
Q4 2020 3,359.77 (0.9 %) 0.84 - 3,359.77 0.84
Q1 2021 3,408.47 20.3 % 0.62 - 3,408.47 0.62
Q2 2021 2,315.88 10.9 % 0.42 (42.00) 2,357.88 0.43
Q3 2021 3,980.27 26.0 % 0.72 (31.00) 4,011.27 0.73
Q4 2021 2,963.56 (11.8 %) 0.54 (90.00) 3,053.56 0.55
Q1 2022 4,501.58 32.1 % 0.75 - 4,501.58 0.75
Q2 2022 4,589.12 98.2 % 0.76 - 4,589.12 0.76
Q3 2022 4,724.56 18.7 % 0.79 - 4,724.56 0.79
Q4 2022 4,765.43 60.8 % 0.79 - 4,765.43 0.79
Q1 2023 5,021.54 11.6 % 0.84 - 5,021.54 0.84
Q2 2023 5,015.56 9.3 % 0.84 - 5,015.56 0.84
Q3 2023 5,009.62 6.0 % 0.83 - 5,009.62 0.83
Q4 2023 4,963.24 4.2 % 0.83 - 4,963.24 0.83
2023 20,009.97 7.7 % 3.33 - 20,009.97 3.33

Balance Sheet (B)

Period Assets Change Customer Deposits Change Loan Change
Q1 2014 420.37 17.4 % 333.07 20.4 % 197.39 15.7 %
Q2 2014 435.53 20.0 % 345.60 20.0 % 206.19 15.7 %
Q3 2014 437.91 19.3 % 343.94 16.7 % 213.53 15.8 %
Q4 2014 434.88 15.3 % 333.10 10.8 % 220.72 17.6 %
Q1 2015 449.80 7.0 % 342.85 2.9 % 227.13 15.1 %
Q2 2015 461.41 5.9 % 360.98 4.5 % 234.28 13.6 %
Q3 2015 476.83 8.9 % 367.37 6.8 % 238.60 11.7 %
Q4 2015 448.64 3.2 % 323.87 (2.8 %) 252.94 14.6 %
Q1 2016 452.00 0.5 % 326.03 (4.9 %) 265.34 16.8 %
Q2 2016 452.61 (1.9 %) 314.71 (12.8 %) 264.77 13.0 %
Q3 2016 438.76 (8.0 %) 311.23 (15.3 %) 259.92 8.9 %
Q4 2016 442.66 (1.3 %) 315.62 (2.5 %) 253.59 0.3 %
Q1 2017 449.00 (0.7 %) 313.65 (3.8 %) 254.20 (4.2 %)
Q2 2017 450.49 (0.5 %) 314.69 0.0 % 256.90 (3.0 %)
Q3 2017 446.19 1.7 % 302.59 (2.8 %) 256.85 (1.2 %)
Q4 2017 444.79 0.5 % 308.94 (2.1 %) 249.23 (1.7 %)
Q1 2018 438.90 (2.2 %) 309.00 (1.5 %) 252.78 (0.6 %)
Q2 2018 455.73 1.2 % 317.65 0.9 % 266.04 3.6 %
Q3 2018 460.83 3.3 % 325.46 7.6 % 268.25 4.4 %
Q4 2018 452.18 1.7 % 318.70 3.2 % 265.06 6.4 %
Q1 2019 464.91 5.9 % 309.68 0.2 % 267.22 5.7 %
Q2 2019 476.59 4.6 % 327.44 3.1 % 274.83 3.3 %
Q3 2019 496.59 7.8 % 340.38 4.6 % 279.07 4.0 %
Q4 2019 506.82 12.1 % 353.39 10.9 % 281.84 6.3 %
Q1 2020 534.56 15.0 % 375.05 21.1 % 304.77 14.1 %
Q2 2020 556.86 16.8 % 380.40 16.2 % 315.84 14.9 %
Q3 2020 576.63 16.1 % 408.47 20.0 % 336.41 20.5 %
Q4 2020 599.44 18.3 % 416.42 17.8 % 346.71 23.0 %
Q1 2021 599.57 12.2 % 419.43 11.8 % 356.72 17.0 %
Q2 2021 897.36 61.1 % 588.13 54.6 % 501.80 58.9 %
Q3 2021 903.85 56.7 % 589.19 44.2 % 502.48 49.4 %
Q4 2021 914.15 52.5 % 588.57 41.3 % 497.57 43.5 %
Q1 2022 921.56 53.7 % 606.72 44.7 % 514.63 44.3 %
Q2 2022 958.47 6.8 % 593.01 0.8 % 536.19 6.9 %
Q3 2022 964.42 6.7 % 596.89 1.3 % 536.18 6.7 %
Q4 2022 945.50 3.4 % 568.28 (3.4 %) 545.31 9.6 %
Q1 2023 976.06 5.9 % 610.79 0.7 % 566.34 10.0 %
Q2 2023 996.20 3.9 % 602.21 1.6 % 577.85 7.8 %
Q3 2023 1,027.13 6.5 % 624.77 4.7 % 595.72 11.1 %
Q4 2023 1,037.08 9.7 % 590.05 3.8 % 601.53 10.3 %

Profitability

Period Return On Average Assets Return on Average Equity Net Interest Income/Total Operating Income
Q1 2014 2.07 % 19.96 % 70.08 %
Q2 2014 2.13 % 20.09 % 69.66 %
Q3 2014 2.14 % 20.33 % 69.25 %
Q4 2014 2.13 % 20.09 % 70.19 %
Q1 2015 2.01 % 19.45 % 69.69 %
Q2 2015 1.93 % 18.71 % 71.07 %
Q3 2015 1.92 % 19.01 % 72.96 %
Q4 2015 2.06 % 19.41 % 71.96 %
Q1 2016 2.02 % 18.46 % 73.10 %
Q2 2016 2.01 % 18.39 % 72.82 %
Q3 2016 2.00 % 18.35 % 72.45 %
Q4 2016 2.09 % 18.36 % 72.66 %
Q1 2017 2.08 % 17.67 % 71.73 %
Q2 2017 2.07 % 17.88 % 73.10 %
Q3 2017 2.15 % 17.92 % 73.84 %
Q4 2017 2.21 % 17.97 % 74.47 %
Q1 2018 2.18 % 17.36 % 75.12 %
Q2 2018 2.08 % 17.18 % 74.92 %
Q3 2018 2.08 % 17.16 % 74.94 %
Q4 2018 2.14 % 16.85 % 79.90 %
Q1 2019 2.16 % 16.78 % 80.94 %
Q2 2019 2.21 % 17.70 % 81.04 %
Q3 2019 2.24 % 18.75 % 81.14 %
Q4 2019 2.38 % 19.13 % 79.62 %
Q1 2020 2.29 % 19.68 % 80.20 %
Q2 2020 2.10 % 17.85 % 81.55 %
Q3 2020 2.14 % 18.49 % 80.62 %
Q4 2020 2.07 % 17.51 % 77.76 %
Q1 2021 2.12 % 18.77 % 76.38 %
Q2 2021 1.68 % 11.66 % 75.47 %
Q3 2021 1.76 % 12.26 % 76.66 %
Q4 2021 1.67 % 11.56 % 78.65 %
Q1 2022 1.81 % 12.31 % 78.86 %
Q2 2022 1.73 % 10.82 % 79.94 %
Q3 2022 1.80 % 11.38 % 79.67 %
Q4 2022 2.00 % 12.37 % 79.65 %
Q1 2023 2.01 % 12.48 % 80.13 %
Q2 2023 2.00 % 12.86 % 78.88 %
Q3 2023 1.99 % 13.20 % 78.96 %
Q4 2023 2.02 % 12.86 % 78.12 %
2023 2.02 % 12.86 % 78.08 %

Ratios

Period Customer Deposits Per Total Assets Loans and advances/Total assets Loans and advances/Customers Deposits
Q1 2014 79.23 % 46.96 % 59.26 %
Q2 2014 79.35 % 47.34 % 59.66 %
Q3 2014 78.54 % 48.76 % 62.08 %
Q4 2014 76.60 % 50.75 % 66.26 %
Q1 2015 76.22 % 50.49 % 66.25 %
Q2 2015 78.23 % 50.78 % 64.90 %
Q3 2015 77.04 % 50.04 % 64.95 %
Q4 2015 72.19 % 56.38 % 78.10 %
Q1 2016 72.13 % 58.70 % 81.39 %
Q2 2016 69.53 % 58.50 % 84.13 %
Q3 2016 70.93 % 59.24 % 83.51 %
Q4 2016 71.30 % 57.29 % 80.35 %
Q1 2017 69.86 % 56.62 % 81.05 %
Q2 2017 69.86 % 57.03 % 81.64 %
Q3 2017 67.82 % 57.57 % 84.88 %
Q4 2017 69.46 % 56.03 % 80.67 %
Q1 2018 70.40 % 57.59 % 81.80 %
Q2 2018 69.70 % 58.38 % 83.75 %
Q3 2018 70.63 % 58.21 % 82.42 %
Q4 2018 70.48 % 58.62 % 83.17 %
Q1 2019 66.61 % 57.48 % 86.29 %
Q2 2019 68.70 % 57.67 % 83.93 %
Q3 2019 68.54 % 56.20 % 81.99 %
Q4 2019 69.73 % 55.61 % 79.75 %
Q1 2020 70.16 % 57.01 % 81.26 %
Q2 2020 68.31 % 56.72 % 83.03 %
Q3 2020 70.84 % 58.34 % 82.36 %
Q4 2020 69.47 % 57.84 % 83.26 %
Q1 2021 69.96 % 59.50 % 85.05 %
Q2 2021 65.54 % 55.92 % 85.32 %
Q3 2021 65.19 % 55.59 % 85.28 %
Q4 2021 64.39 % 54.43 % 84.54 %
Q1 2022 65.84 % 55.84 % 84.82 %
Q2 2022 61.87 % 55.94 % 90.42 %
Q3 2022 61.89 % 55.60 % 89.83 %
Q4 2022 60.10 % 57.67 % 95.96 %
Q1 2023 62.58 % 58.02 % 92.72 %
Q2 2023 60.45 % 58.01 % 95.95 %
Q3 2023 60.83 % 58.00 % 95.35 %
Q4 2023 56.90 % 58.00 % 101.94 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) EPS Diluted (Riyal) Book Value (BV)
Q1 2014 4,019.65 2.00 2.00 - 10.51
Q2 2014 4,019.65 2.11 2.11 - 11.10
Q3 2014 4,019.65 2.15 2.15 - 11.10
Q4 2014 4,019.65 2.15 2.15 - 11.25
Q1 2015 4,019.65 2.17 2.17 - 11.81
Q2 2015 4,019.65 2.16 2.16 - 11.95
Q3 2015 4,019.65 2.19 2.19 - 11.91
Q4 2015 4,019.65 2.26 2.26 - 12.06
Q1 2016 4,019.65 2.27 2.27 - 12.75
Q2 2016 4,019.65 2.29 2.29 - 12.91
Q3 2016 4,019.65 2.28 2.28 - 12.92
Q4 2016 4,019.65 2.32 2.32 - 13.19
Q1 2017 4,019.65 2.34 2.34 - 13.68
Q2 2017 4,019.65 2.33 2.33 - 13.15
Q3 2017 4,019.65 2.37 2.37 - 13.54
Q4 2017 4,019.65 2.44 2.44 - 13.94
Q1 2018 4,019.65 2.41 2.41 - 14.10
Q2 2018 4,019.65 2.35 2.35 - 14.18
Q3 2018 4,019.65 2.35 2.35 - 13.81
Q4 2018 4,019.65 2.38 2.38 - 14.36
Q1 2019 4,019.65 2.43 2.43 - 14.87
Q2 2019 4,019.65 2.56 2.56 - 14.74
Q3 2019 4,019.65 2.67 2.67 - 14.63
Q4 2019 4,019.65 2.84 2.84 - 15.29
Q1 2020 4,019.65 2.85 2.85 - 14.11
Q2 2020 4,019.65 2.70 2.70 - 15.53
Q3 2020 4,019.65 2.85 2.85 - 16.24
Q4 2020 4,019.65 2.85 2.85 3.03 17.22
Q1 2021 5,504.91 2.18 2.18 3.03 17.73
Q2 2021 5,504.91 2.22 2.23 3.03 24.58
Q3 2021 5,504.91 2.37 2.39 3.03 24.65
Q4 2021 5,504.91 2.30 2.33 3.03 25.00
Q1 2022 6,000.00 2.29 2.32 3.03 25.40
Q2 2022 6,000.00 2.67 2.69 3.03 24.80
Q3 2022 6,000.00 2.80 2.81 3.03 24.49
Q4 2022 6,000.00 3.10 3.10 3.03 25.08
Q1 2023 6,000.00 3.18 3.18 3.10 25.61
Q2 2023 6,000.00 3.25 3.25 3.16 25.83
Q3 2023 6,000.00 3.30 3.30 3.20 25.52
Q4 2023 6,000.00 3.33 3.33 3.23 26.79

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 18.97 18.97 3.63
Q1 2015 20.89 20.89 3.84
Q2 2015 21.52 21.52 3.88
Q3 2015 18.33 18.33 3.37
Q4 2015 16.78 16.78 3.15
Q1 2016 13.33 13.33 2.37
Q2 2016 12.99 12.99 2.30
Q3 2016 10.75 10.75 1.90
Q4 2016 13.65 13.65 2.40
Q1 2017 12.54 12.54 2.14
Q2 2017 16.92 16.92 3.00
Q3 2017 16.10 16.10 2.82
Q4 2017 16.77 16.77 2.93
Q1 2018 20.07 20.07 3.43
Q2 2018 23.05 23.05 3.82
Q3 2018 21.38 21.38 3.63
Q4 2018 22.36 22.36 3.71
Q1 2019 25.21 25.21 4.12
Q2 2019 24.20 24.20 4.20
Q3 2019 19.24 19.24 3.51
Q4 2019 19.34 19.34 3.59
Q1 2020 13.56 13.56 2.74
Q2 2020 15.36 15.36 2.67
Q3 2020 14.50 14.50 2.55
Q4 2020 16.97 16.97 2.80
Q1 2021 13.09 13.09 3.34
Q2 2021 14.20 14.15 1.75
Q3 2021 15.14 15.05 1.86
Q4 2021 15.88 15.67 1.92
Q1 2022 17.48 17.27 2.08
Q2 2022 16.24 16.12 1.98
Q3 2022 15.55 15.47 1.92
Q4 2022 12.45 12.45 1.50
Q1 2023 11.03 11.03 1.34
Q2 2023 11.65 11.65 1.42
Q3 2023 10.26 10.26 1.29
Q4 2023 11.97 11.97 1.44

Business Segments (Million)

Compared With The
Period Retail Corporate and Institutional Banking International Banking Capital Market Global markets and Treasury
Q1 2014 1,394.07 901.15 501.88 174.43 892.75
Q2 2014 1,444.40 926.59 527.50 219.17 1,097.32
Q3 2014 1,455.20 868.24 595.35 171.82 1,023.74
Q4 2014 1,427.35 1,032.33 628.39 188.93 776.42
Q1 2015 1,448.95 1,041.10 566.42 166.74 1,224.33
Q2 2015 1,522.94 1,034.67 528.51 183.19 1,013.61
Q3 2015 1,533.85 1,062.65 545.05 160.03 1,011.26
Q4 2015 1,854.84 1,002.57 546.46 181.42 857.08
Q1 2016 1,970.14 1,040.62 536.42 159.51 1,017.29
Q2 2016 1,985.35 1,054.82 589.90 147.36 882.82
Q3 2016 1,967.03 1,104.46 602.84 114.20 874.28
Q4 2016 1,782.46 1,186.84 501.03 159.65 970.39
Q1 2017 1,938.41 1,235.61 388.22 163.66 1,133.92
Q2 2017 1,924.73 1,042.93 393.30 144.16 973.23
Q3 2017 2,106.64 842.25 405.84 154.12 982.69
Q4 2017 2,171.24 973.67 390.38 173.87 806.38
Q1 2018 2,116.90 873.73 371.26 227.59 1,189.77
Q2 2018 1,976.75 1,075.78 442.12 176.26 989.64
Q3 2018 2,318.57 1,000.84 398.71 154.71 858.77
Q4 2018 2,260.08 1,111.00 314.71 161.60 908.44
Q1 2019 2,240.76 1,157.45 297.15 181.00 1,074.45
Q2 2019 2,385.91 965.58 353.75 216.64 1,128.53
Q3 2019 2,568.71 1,061.34 380.69 163.79 822.01
Q4 2019 2,512.36 1,526.65 429.32 225.36 883.24
Q1 2020 2,319.66 1,112.59 474.94 249.10 1,148.97
Q2 2020 2,363.44 2,914.55 417.10 219.62 (1148.97)
Q3 2020 2,676.13 2,267.98 407.50 285.99 -
Q4 2020 2,829.45 2,238.61 302.94 378.32 -
Q1 2021 2,662.57 2,430.09 276.48 350.17 -
Q2 2021 3,209.70 2,670.09 266.25 1,441.78 -
Q3 2021 3,326.70 4,696.32 476.74 (625.34) -
Q4 2021 3,267.32 2,705.87 670.36 410.61 -
Q1 2022 3,664.72 3,265.04 666.34 496.80 -
Q2 2022 3,552.39 3,550.45 702.87 539.48 -
Q3 2022 3,739.41 3,747.26 633.98 327.18 -
Q4 2022 3,655.43 3,385.15 571.89 506.20 -
Q1 2023 3,868.23 3,672.73 774.59 418.04 -
Q2 2023 4,145.73 2,983.28 906.18 459.18 -
Q3 2023 4,001.07 3,363.72 891.18 480.87 -
Q4 2023 3,838.76 3,818.72 540.69 426.51 -

Analysts Estimates (Million)

Item Q4 2023 (e) Q4 2023 (a) Change‬
Average 4,951.82 4,963.24 0.23 %

Estimates vs Actual (Million)

Item Q4 2023 (e) Q4 2023 (a) Change
Hermes 4,944.00 4,963.24 0.4 %
Bank of America 5,001.00 4,963.24 (0.8) %
Riyad Capital 5,051.00 4,963.24 (1.7) %
Sico 4,871.00 4,963.24 1.9 %
OSOOL AND BAKHEET 5,081.73 4,963.24 (2.3) %
GIB Capital 5,084.00 4,963.24 (2.4) %
Goldman Sachs 4,800.00 4,963.24 3.4 %
U-Capital 4,781.80 4,963.24 3.8 %

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