ANB profit dips 51% to SAR 2.05 bln in H1 2023; Q2 at SAR 986 mln

23/07/2023 Argaam Exclusive

View other reports

Arab National Bank (ANB) reported a 51% fall in net profit to SAR 2.05 billion for the first half of 2023 from SAR 1.35 billion in the year-ago period.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Net Special Commission Income	2,494.31	3,527.47	41.4 %
Operating Income	3,128.15	4,112.39	31.5 %
Total Provisions	(440.82)	(515.49)	(16.9 %)
Net Income	1,358.42	2,053.56	51.2 %
Average Shares	2,000.00	2,000.00	-
EPS (Riyals)	0.68	1.03	51.2 %
EPS Diluted (Riyals)	0.68	1.03	51.2 %

The profit growth was backed by better net special commission income, net gains from investments held for non-trading purposes, net fees and commission income, net other operating income and net FX income.

On the other hand, ANB reported an increase in the net provisions for expected credit losses and other provisions, as well as salaries and employee-related expenses. General and administrative expenses (G&A) also went up.

The net provisions (reversals) for expected credit and other losses rose 30% to nearly SAR 566 million as of June 30, 2023, compared to SAR 437 million a year earlier.

The second-quarter net profit jumped 39% to SAR 986 million from SAR 707.69 million in Q2 2022.

The quarterly net profit decreased 7.7% from SAR 1.06 billion in Q1 2023.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Net Special Commission Income	1,309.80	1,763.50	34.6 %
Operating Income	1,673.62	2,087.78	24.7 %
Debt Provisions	(288.81)	(271.66)	5.9 %
Net Income	707.69	985.98	39.3 %
Average Shares	2,000.00	2,000.00	-
EPS (Riyals)	0.35	0.49	39.3 %
EPS Diluted (Riyal)	0.35	0.49	39.3 %

Item	Q1 2023	Q2 2023	Change‬
Net Special Commission Income	1,763.97	1,763.50	0.0 %
Operating Income	2,024.61	2,087.78	3.1 %
Debt Provisions	(243.83)	(271.66)	(11.4 %)
Net Income	1,067.58	985.98	(7.6 %)
Average Shares	2,000.00	2,000.00	-
EPS (Riyals)	0.53	0.49	(7.6 %)
EPS Diluted (Riyal)	0.53	0.49	(7.6 %)

Total shareholders’ equity, after minority interest, increased to SAR 33.37 billion as of June 30, 2023, from SAR 31.02 billion a year earlier.

Balance Sheet (B)

Item	6m 2022	6m 2023	Change‬
Assets	209.83	215.98	2.9 %
Customer Deposits	146.79	158.38	7.9 %
Loan	143.06	148.85	4.0 %

View more financial results

Financial results (Million)

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change
Q1 2014	857.18	10.6 %	1,308.77	3.2 %	(106.05)	0.2 %
Q2 2014	904.11	8.0 %	1,385.51	9.7 %	(106.55)	(62.6 %)
Q3 2014	919.16	4.8 %	1,365.49	8.0 %	(121.91)	33.2 %
Q4 2014	942.18	6.3 %	1,447.80	10.3 %	(216.37)	20.7 %
2014	3,622.62	7.3 %	5,507.58	7.8 %	(550.88)	12.1 %
Q1 2015	979.64	14.3 %	1,503.23	14.9 %	(137.09)	(29.3 %)
Q2 2015	969.88	7.3 %	1,502.33	8.4 %	(135.75)	(27.4 %)
Q3 2015	994.54	8.2 %	1,470.28	7.7 %	(130.61)	(7.1 %)
Q4 2015	900.78	(4.4 %)	1,305.70	(9.8 %)	(172.05)	20.5 %
2015	3,844.84	6.1 %	5,781.13	5.0 %	(575.50)	(4.5 %)
Q1 2016	961.68	(1.8 %)	1,447.29	(3.7 %)	(124.78)	9.0 %
Q2 2016	1,086.22	12.0 %	1,517.60	1.0 %	(140.53)	(3.5 %)
Q3 2016	1,066.96	7.3 %	1,493.97	1.6 %	(195.83)	(49.9 %)
Q4 2016	1,030.63	14.4 %	1,395.27	6.9 %	(265.00)	(54.0 %)
2016	4,145.49	7.8 %	5,854.14	1.3 %	(726.14)	(26.2 %)
Q1 2017	1,068.92	11.2 %	1,480.58	2.3 %	(176.90)	(41.8 %)
Q2 2017	1,215.37	11.9 %	1,635.96	7.8 %	(266.68)	(89.8 %)
Q3 2017	1,183.94	11.0 %	1,676.75	12.2 %	(327.63)	(67.3 %)
Q4 2017	1,196.53	16.1 %	1,584.65	13.6 %	(377.58)	(42.5 %)
2017	4,664.75	12.5 %	6,377.94	8.9 %	(1,148.79)	(58.2 %)
Q1 2018	1,194.12	11.7 %	1,533.16	3.6 %	(174.86)	1.2 %
Q2 2018	1,271.67	4.6 %	1,646.25	0.6 %	(174.37)	34.6 %
Q3 2018	1,322.57	11.7 %	1,683.93	0.4 %	(241.82)	26.2 %
Q4 2018	1,363.08	13.9 %	1,671.49	5.5 %	(407.28)	(7.9 %)
2018	5,151.44	10.4 %	6,534.82	2.5 %	(998.32)	13.1 %
Q1 2019	1,364.84	14.3 %	1,633.15	6.5 %	(147.99)	15.4 %
Q2 2019	1,437.47	13.0 %	1,733.94	5.3 %	(187.58)	(7.6 %)
Q3 2019	1,410.44	6.6 %	1,736.71	3.1 %	(210.36)	13.0 %
Q4 2019	1,340.20	(1.7 %)	1,629.03	(2.5 %)	(424.67)	(4.3 %)
2019	5,552.94	7.8 %	6,732.84	3.0 %	(970.60)	2.8 %
Q1 2020	1,290.76	(5.4 %)	1,489.61	(8.8 %)	(198.35)	(34.0 %)
Q2 2020	1,199.05	(16.6 %)	1,469.73	(15.2 %)	(345.43)	(84.1 %)
Q3 2020	1,210.64	(14.2 %)	1,463.83	(15.7 %)	(203.68)	3.2 %
Q4 2020	1,168.21	(12.8 %)	1,401.07	(14.0 %)	(534.74)	(25.9 %)
2020	4,868.66	(12.3 %)	5,824.24	(13.5 %)	(1,282.20)	(32.1 %)
Q1 2021	1,179.55	(8.6 %)	1,423.15	(4.5 %)	(335.01)	(68.9 %)
Q2 2021	1,130.18	(5.7 %)	1,381.21	(6.0 %)	(290.67)	15.9 %
Q3 2021	1,252.35	3.4 %	1,453.66	(0.7 %)	(190.54)	6.5 %
Q4 2021	1,109.95	(5.0 %)	1,333.91	(4.8 %)	(214.28)	59.9 %
2021	4,672.03	(4.0 %)	5,591.94	(4.0 %)	(1,030.51)	19.6 %
Q1 2022	1,184.51	0.4 %	1,454.53	2.2 %	(152.01)	54.6 %
Q2 2022	1,309.80	15.9 %	1,673.62	21.2 %	(288.81)	0.6 %
Q3 2022	1,496.80	19.5 %	1,815.36	24.9 %	(166.54)	12.6 %
Q4 2022	1,645.35	48.2 %	1,918.74	43.8 %	(262.14)	(22.3 %)
2022	5,636.45	20.6 %	6,862.24	22.7 %	(869.50)	15.6 %
Q1 2023	1,763.97	48.9 %	2,024.61	39.2 %	(243.83)	(60.4 %)
Q2 2023	1,763.50	34.6 %	2,087.78	24.7 %	(271.66)	5.9 %

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change
2013	3,374.90	3.5 %	5,109.55	7.4 %	(626.99)	(20.2 %)
2014	3,622.62	7.3 %	5,507.58	7.8 %	(550.88)	12.1 %
2015	3,844.84	6.1 %	5,781.13	5.0 %	(575.50)	(4.5 %)
2016	4,145.49	7.8 %	5,854.14	1.3 %	(726.14)	(26.2 %)
2017	4,664.75	12.5 %	6,377.94	8.9 %	(1,148.79)	(58.2 %)
2018	5,151.44	10.4 %	6,534.82	2.5 %	(998.32)	13.1 %
2019	5,552.94	7.8 %	6,732.84	3.0 %	(970.60)	2.8 %
2020	4,868.66	(12.3 %)	5,824.24	(13.5 %)	(1,282.20)	(32.1 %)
2021	4,672.03	(4.0 %)	5,591.94	(4.0 %)	(1,030.51)	19.6 %
2022	5,636.45	20.6 %	6,862.24	22.7 %	(869.50)	15.6 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	712.86	5.0 %	0.36	-	712.86	0.36
Q2 2014	785.44	9.4 %	0.39	-	785.44	0.39
Q3 2014	747.93	26.9 %	0.37	-	747.93	0.37
Q4 2014	628.82	17.2 %	0.31	-	628.82	0.31
2014	2,875.05	14.0 %	1.44	-	2,875.05	1.44
Q1 2015	770.55	8.1 %	0.39	-	770.55	0.39
Q2 2015	835.31	6.3 %	0.42	-	835.31	0.42
Q3 2015	764.20	2.2 %	0.38	-	764.20	0.38
Q4 2015	594.35	(5.5 %)	0.30	-	594.35	0.30
2015	2,964.42	3.1 %	1.48	-	2,964.42	1.48
Q1 2016	749.19	(2.8 %)	0.37	-	749.19	0.37
Q2 2016	817.98	(2.1 %)	0.41	-	817.98	0.41
Q3 2016	721.67	(5.6 %)	0.36	-	721.67	0.36
Q4 2016	565.06	(4.9 %)	0.28	-	565.06	0.28
2016	2,853.90	(3.7 %)	1.43	-	2,853.90	1.43
Q1 2017	768.05	2.5 %	0.38	-	768.05	0.38
Q2 2017	849.04	3.8 %	0.42	-	849.04	0.42
Q3 2017	775.46	7.5 %	0.39	-	775.46	0.39
Q4 2017	634.43	12.3 %	0.32	-	634.43	0.32
2017	3,026.97	6.1 %	1.51	-	3,026.97	1.51
Q1 2018	664.38	(13.5 %)	0.33	-	664.38	0.33
Q2 2018	747.22	(12.0 %)	0.37	-	747.22	0.37
Q3 2018	731.11	(5.7 %)	0.37	-	731.11	0.37
Q4 2018	1,826.30	187.9 %	0.91	1,113.26	713.04	0.36
2018	3,969.01	31.1 %	1.98	1,113.26	2,855.75	1.43
Q1 2019	778.97	17.2 %	0.39	-	778.97	0.39
Q2 2019	894.24	19.7 %	0.45	-	894.24	0.45
Q3 2019	834.76	14.2 %	0.42	-	834.76	0.42
Q4 2019	515.26	(71.8 %)	0.26	-	515.26	0.26
2019	3,023.24	(23.8 %)	1.51	-	3,023.24	1.51
Q1 2020	643.79	(17.4 %)	0.32	-	643.79	0.32
Q2 2020	485.95	(45.7 %)	0.24	-	485.95	0.24
Q3 2020	668.60	(19.9 %)	0.33	-	668.60	0.33
Q4 2020	273.87	(46.8 %)	0.14	-	273.87	0.14
2020	2,072.21	(31.5 %)	1.04	-	2,072.21	1.04
Q1 2021	582.23	(9.6 %)	0.29	133.20	449.03	0.22
Q2 2021	472.76	(2.7 %)	0.24	-	472.76	0.24
Q3 2021	665.35	(0.5 %)	0.33	25.57	639.78	0.32
Q4 2021	456.35	66.6 %	0.23	13.81	442.54	0.22
2021	2,176.59	5.0 %	1.09	172.58	2,004.01	1.00
Q1 2022	650.72	11.8 %	0.33	36.05	614.67	0.31
Q2 2022	707.69	49.7 %	0.35	-	707.69	0.35
Q3 2022	921.11	38.4 %	0.46	-	921.11	0.46
Q4 2022	790.88	73.3 %	0.40	-	790.88	0.40
2022	3,070.41	41.1 %	1.54	36.05	3,034.36	1.52
Q1 2023	1,067.58	64.1 %	0.53	105.88	961.71	0.48
Q2 2023	985.98	39.3 %	0.49	-	985.98	0.49

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	2,522.50	6.4 %	1.26	-	2,522.50	1.26
2014	2,875.05	14.0 %	1.44	-	2,875.05	1.44
2015	2,964.42	3.1 %	1.48	-	2,964.42	1.48
2016	2,853.90	(3.7 %)	1.43	-	2,853.90	1.43
2017	3,026.97	6.1 %	1.51	-	3,026.97	1.51
2018	3,969.01	31.1 %	1.98	1,113.26	2,855.75	1.43
2019	3,023.24	(23.8 %)	1.51	-	3,023.24	1.51
2020	2,072.21	(31.5 %)	1.04	-	2,072.21	1.04
2021	2,176.59	5.0 %	1.09	172.58	2,004.01	1.00
2022	3,070.41	41.1 %	1.54	36.05	3,034.36	1.52

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
Q1 2014	1.80 %	13.75 %	67.12 %
Q2 2014	1.88 %	13.63 %	66.84 %
Q3 2014	1.93 %	14.00 %	66.38 %
Q4 2014	1.90 %	14.49 %	65.78 %
2014	1.90 %	14.49 %	65.78 %
Q1 2015	1.86 %	14.50 %	65.68 %
Q2 2015	1.93 %	14.32 %	65.49 %
Q3 2015	1.91 %	14.05 %	65.61 %
Q4 2015	1.77 %	13.95 %	66.50 %
2015	1.77 %	13.95 %	66.51 %
Q1 2016	1.78 %	13.77 %	66.84 %
Q2 2016	1.76 %	13.49 %	68.69 %
Q3 2016	1.74 %	13.01 %	69.66 %
Q4 2016	1.68 %	12.65 %	70.81 %
2016	1.68 %	12.65 %	70.81 %
Q1 2017	1.71 %	12.73 %	72.23 %
Q2 2017	1.72 %	12.74 %	72.96 %
Q3 2017	1.79 %	12.72 %	72.70 %
Q4 2017	1.77 %	12.72 %	73.14 %
2017	1.77 %	12.72 %	73.14 %
Q1 2018	1.74 %	12.24 %	74.49 %
Q2 2018	1.67 %	11.68 %	75.24 %
Q3 2018	1.66 %	11.37 %	77.31 %
Q4 2018	2.27 %	15.60 %	78.83 %
2018	2.27 %	15.60 %	78.83 %
Q1 2019	2.42 %	16.02 %	80.22 %
Q2 2019	2.50 %	16.24 %	81.64 %
Q3 2019	2.54 %	16.54 %	82.30 %
Q4 2019	1.67 %	11.03 %	82.48 %
2019	1.67 %	11.03 %	82.48 %
Q1 2020	1.63 %	10.66 %	83.15 %
Q2 2020	1.38 %	8.88 %	82.85 %
Q3 2020	1.29 %	8.12 %	83.29 %
Q4 2020	1.14 %	7.14 %	83.59 %
2020	1.14 %	7.14 %	83.59 %
Q1 2021	1.11 %	6.97 %	82.63 %
Q2 2021	1.08 %	6.83 %	82.70 %
Q3 2021	1.08 %	6.64 %	83.59 %
Q4 2021	1.17 %	7.16 %	83.55 %
2021	1.17 %	7.16 %	83.55 %
Q1 2022	1.18 %	7.24 %	83.17 %
Q2 2022	1.27 %	8.12 %	82.10 %
Q3 2022	1.40 %	8.76 %	81.26 %
Q4 2022	1.52 %	9.68 %	82.14 %
2022	1.52 %	9.68 %	82.14 %
Q1 2023	1.67 %	10.78 %	83.63 %
Q2 2023	1.77 %	11.63 %	85.00 %

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
2013	1.84 %	13.68 %	66.05 %
2014	1.90 %	14.49 %	65.78 %
2015	1.77 %	13.95 %	66.51 %
2016	1.68 %	12.65 %	70.81 %
2017	1.77 %	12.72 %	73.14 %
2018	2.27 %	15.60 %	78.83 %
2019	1.67 %	11.03 %	82.48 %
2020	1.14 %	7.14 %	83.59 %
2021	1.17 %	7.16 %	83.55 %
2022	1.52 %	9.68 %	82.14 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Loan	Change
Q1 2014	150.50	12.6 %	117.54	7.7 %	87.42	1.7 %
Q2 2014	142.67	4.8 %	109.19	6.0 %	91.74	7.2 %
Q3 2014	149.94	8.7 %	114.69	9.0 %	96.04	11.5 %
Q4 2014	164.67	19.4 %	129.63	21.9 %	103.72	17.3 %
Q1 2015	164.79	9.5 %	131.23	11.6 %	108.85	24.5 %
Q2 2015	166.43	16.7 %	132.42	21.3 %	111.49	21.5 %
Q3 2015	164.86	10.0 %	132.60	15.6 %	113.28	17.9 %
Q4 2015	170.42	3.5 %	135.76	4.7 %	115.66	11.5 %
Q1 2016	166.59	1.1 %	132.03	0.6 %	116.04	6.6 %
Q2 2016	166.58	0.1 %	129.16	(2.5 %)	117.88	5.7 %
Q3 2016	167.26	1.5 %	128.24	(3.3 %)	115.62	2.1 %
Q4 2016	170.01	(0.2 %)	135.91	0.1 %	115.51	(0.1 %)
Q1 2017	168.43	1.1 %	131.84	(0.1 %)	116.04	0.0 %
Q2 2017	171.03	2.7 %	130.75	1.2 %	114.88	(2.5 %)
Q3 2017	163.64	(2.2 %)	128.55	0.2 %	115.93	0.3 %
Q4 2017	171.70	1.0 %	136.05	0.1 %	114.54	(0.8 %)
Q1 2018	168.40	0.0 %	130.03	(1.4 %)	113.06	(2.6 %)
Q2 2018	167.85	(1.9 %)	129.24	(1.2 %)	117.49	2.3 %
Q3 2018	170.03	3.9 %	130.97	1.9 %	120.49	3.9 %
Q4 2018	178.35	3.9 %	142.06	4.4 %	121.04	5.7 %
Q1 2019	168.68	0.2 %	130.31	0.2 %	120.19	6.3 %
Q2 2019	170.90	1.8 %	131.91	2.1 %	119.75	1.9 %
Q3 2019	170.93	0.5 %	130.92	0.0 %	117.88	(2.2 %)
Q4 2019	183.44	2.9 %	142.13	0.1 %	118.84	(1.8 %)
Q1 2020	184.87	9.6 %	135.98	4.4 %	119.94	(0.2 %)
Q2 2020	187.30	9.6 %	133.90	1.5 %	117.13	(2.2 %)
Q3 2020	188.53	10.3 %	136.72	4.4 %	118.06	0.2 %
Q4 2020	180.40	(1.7 %)	129.35	(9.0 %)	113.36	(4.6 %)
Q1 2021	177.44	(4.0 %)	125.16	(8.0 %)	115.56	(3.7 %)
Q2 2021	181.88	(2.9 %)	130.22	(2.7 %)	117.83	0.6 %
Q3 2021	182.27	(3.3 %)	129.39	(5.4 %)	120.02	1.7 %
Q4 2021	192.50	6.7 %	135.71	4.9 %	126.67	11.7 %
Q1 2022	204.62	15.3 %	148.14	18.4 %	138.64	20.0 %
Q2 2022	209.83	15.4 %	146.79	12.7 %	143.06	21.4 %
Q3 2022	207.27	13.7 %	147.81	14.2 %	145.47	21.2 %
Q4 2022	212.63	10.5 %	154.87	14.1 %	143.83	13.5 %
Q1 2023	214.04	4.6 %	155.25	4.8 %	144.73	4.4 %
Q2 2023	215.98	2.9 %	158.38	7.9 %	148.85	4.1 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
3m 2014	150.50	12.6 %	117.54	7.7 %	87.42	1.7 %
6m 2014	142.67	4.8 %	109.19	6.0 %	91.74	7.2 %
9m 2014	149.94	8.7 %	114.69	9.0 %	96.04	11.5 %
12m 2014	164.67	19.4 %	129.63	21.9 %	103.72	17.3 %
3m 2015	164.79	9.5 %	131.23	11.6 %	108.85	24.5 %
6m 2015	166.43	16.7 %	132.42	21.3 %	111.49	21.5 %
9m 2015	164.86	10.0 %	132.60	15.6 %	113.28	17.9 %
12m 2015	170.42	3.5 %	135.76	4.7 %	115.66	11.5 %
3m 2016	166.59	1.1 %	132.03	0.6 %	116.04	6.6 %
6m 2016	166.58	0.1 %	129.16	(2.5 %)	117.88	5.7 %
9m 2016	167.26	1.5 %	128.24	(3.3 %)	115.62	2.1 %
12m 2016	170.01	(0.2 %)	135.91	0.1 %	115.51	(0.1 %)
3m 2017	168.43	1.1 %	131.84	(0.1 %)	116.04	0.0 %
6m 2017	171.03	2.7 %	130.75	1.2 %	114.88	(2.5 %)
9m 2017	163.64	(2.2 %)	128.55	0.2 %	115.93	0.3 %
12m 2017	171.70	1.0 %	136.05	0.1 %	114.54	(0.8 %)
3m 2018	168.40	0.0 %	130.03	(1.4 %)	113.06	(2.6 %)
6m 2018	167.85	(1.9 %)	129.24	(1.2 %)	117.49	2.3 %
9m 2018	170.03	3.9 %	130.97	1.9 %	120.49	3.9 %
12m 2018	178.35	3.9 %	142.06	4.4 %	121.04	5.7 %
3m 2019	168.68	0.2 %	130.31	0.2 %	120.19	6.3 %
6m 2019	170.90	1.8 %	131.91	2.1 %	119.75	1.9 %
9m 2019	170.93	0.5 %	130.92	0.0 %	117.88	(2.2 %)
12m 2019	183.44	2.9 %	142.13	0.1 %	118.84	(1.8 %)
3m 2020	184.87	9.6 %	135.98	4.4 %	119.94	(0.2 %)
6m 2020	187.30	9.6 %	133.90	1.5 %	117.13	(2.2 %)
9m 2020	188.53	10.3 %	136.72	4.4 %	118.06	0.2 %
12m 2020	180.40	(1.7 %)	129.35	(9.0 %)	113.36	(4.6 %)
3m 2021	177.44	(4.0 %)	125.16	(8.0 %)	115.56	(3.7 %)
6m 2021	181.88	(2.9 %)	130.22	(2.7 %)	117.83	0.6 %
9m 2021	182.27	(3.3 %)	129.39	(5.4 %)	120.02	1.7 %
12m 2021	192.50	6.7 %	135.71	4.9 %	126.67	11.7 %
3m 2022	204.62	15.3 %	148.14	18.4 %	138.64	20.0 %
6m 2022	209.83	15.4 %	146.79	12.7 %	143.06	21.4 %
9m 2022	207.27	13.7 %	147.81	14.2 %	145.47	21.2 %
12m 2022	212.63	10.5 %	154.87	14.1 %	143.83	13.5 %
3m 2023	214.04	4.6 %	155.25	4.8 %	144.73	4.4 %
6m 2023	215.98	2.9 %	158.38	7.9 %	148.85	4.1 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
2013	137.94	0.9 %	106.37	(1.1 %)	88.46	2.5 %
2014	164.67	19.4 %	129.63	21.9 %	103.72	17.3 %
2015	170.42	3.5 %	135.76	4.7 %	115.66	11.5 %
2016	170.01	(0.2 %)	135.91	0.1 %	115.51	(0.1 %)
2017	171.70	1.0 %	136.05	0.1 %	114.54	(0.8 %)
2018	178.35	3.9 %	142.06	4.4 %	121.04	5.7 %
2019	183.44	2.9 %	142.13	0.1 %	118.84	(1.8 %)
2020	180.40	(1.7 %)	129.35	(9.0 %)	113.36	(4.6 %)
2021	192.50	6.7 %	135.71	4.9 %	126.67	11.7 %
2022	212.63	10.5 %	154.87	14.1 %	143.83	13.5 %

Ratios

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
Q1 2014	78.10 %	58.08 %	74.37 %
Q2 2014	76.53 %	64.30 %	84.02 %
Q3 2014	76.49 %	64.06 %	83.74 %
Q4 2014	78.72 %	62.99 %	80.01 %
Q1 2015	79.63 %	66.06 %	82.95 %
Q2 2015	79.57 %	66.99 %	84.20 %
Q3 2015	80.43 %	68.71 %	85.43 %
Q4 2015	79.66 %	67.86 %	85.19 %
Q1 2016	79.25 %	69.66 %	87.89 %
Q2 2016	77.54 %	70.76 %	91.26 %
Q3 2016	76.67 %	69.13 %	90.17 %
Q4 2016	79.94 %	67.94 %	84.99 %
Q1 2017	78.27 %	68.90 %	88.02 %
Q2 2017	76.45 %	67.17 %	87.87 %
Q3 2017	78.55 %	70.84 %	90.19 %
Q4 2017	79.24 %	66.71 %	84.19 %
Q1 2018	77.21 %	67.14 %	86.95 %
Q2 2018	77.00 %	70.00 %	90.91 %
Q3 2018	77.03 %	70.86 %	92.00 %
Q4 2018	79.65 %	67.86 %	85.20 %
Q1 2019	77.25 %	71.25 %	92.23 %
Q2 2019	77.19 %	70.07 %	90.78 %
Q3 2019	76.60 %	68.97 %	90.04 %
Q4 2019	77.48 %	64.78 %	83.61 %
Q1 2020	73.56 %	64.88 %	88.20 %
Q2 2020	71.49 %	62.54 %	87.48 %
Q3 2020	72.52 %	62.62 %	86.35 %
Q4 2020	71.70 %	62.84 %	87.64 %
Q1 2021	70.54 %	65.13 %	92.33 %
Q2 2021	71.60 %	64.79 %	90.49 %
Q3 2021	70.99 %	65.84 %	92.75 %
Q4 2021	70.50 %	65.80 %	93.34 %
Q1 2022	72.40 %	67.76 %	93.59 %
Q2 2022	69.96 %	68.18 %	97.45 %
Q3 2022	71.31 %	70.19 %	98.42 %
Q4 2022	72.84 %	67.64 %	92.87 %
Q1 2023	72.53 %	67.62 %	93.22 %
Q2 2023	73.33 %	68.92 %	93.99 %

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
2013	77.12 %	64.13 %	83.16 %
2014	78.72 %	62.99 %	80.01 %
2015	79.66 %	67.86 %	85.19 %
2016	79.94 %	67.94 %	84.99 %
2017	79.24 %	66.71 %	84.19 %
2018	79.65 %	67.86 %	85.20 %
2019	77.48 %	64.78 %	83.61 %
2020	71.70 %	62.84 %	87.64 %
2021	70.50 %	65.80 %	93.34 %
2022	72.84 %	67.64 %	92.87 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
Q1 2014	2,000.00	1.28	1.28	-	9.77
Q2 2014	2,000.00	1.31	1.31	-	10.14
Q3 2014	2,000.00	1.39	1.39	-	10.41
Q4 2014	2,000.00	1.44	1.44	-	10.30
Q1 2015	2,000.00	1.47	1.47	-	10.46
Q2 2015	2,000.00	1.49	1.49	-	10.69
Q3 2015	2,000.00	1.50	1.50	-	10.93
Q4 2015	2,000.00	1.48	1.48	-	10.95
Q1 2016	2,000.00	1.47	1.47	-	10.90
Q2 2016	2,000.00	1.46	1.46	-	10.99
Q3 2016	2,000.00	1.44	1.44	-	11.22
Q4 2016	2,000.00	1.43	1.43	-	11.62
Q1 2017	2,000.00	1.44	1.44	-	11.66
Q2 2017	2,000.00	1.45	1.45	-	11.80
Q3 2017	2,000.00	1.48	1.48	-	12.02
Q4 2017	2,000.00	1.51	1.51	-	12.18
Q1 2018	2,000.00	1.46	1.46	-	12.23
Q2 2018	2,000.00	1.41	1.41	-	12.36
Q3 2018	2,000.00	1.39	1.39	-	12.39
Q4 2018	2,000.00	1.98	1.43	-	13.26
Q1 2019	2,000.00	2.04	1.49	-	13.25
Q2 2019	2,000.00	2.12	1.56	-	13.70
Q3 2019	2,000.00	2.17	1.61	-	13.81
Q4 2019	2,000.00	1.51	1.51	1.51	14.15
Q1 2020	2,000.00	1.44	1.44	1.44	13.84
Q2 2020	2,000.00	1.24	1.24	1.24	14.21
Q3 2020	2,000.00	1.16	1.16	1.16	14.67
Q4 2020	2,000.00	1.04	1.04	1.04	14.87
Q1 2021	2,000.00	1.01	0.94	1.01	14.99
Q2 2021	2,000.00	1.00	0.93	1.00	15.02
Q3 2021	2,000.00	1.00	0.92	1.00	15.37
Q4 2021	2,000.00	1.09	1.00	1.09	15.55
Q1 2022	2,000.00	1.12	1.08	1.12	16.02
Q2 2022	2,000.00	1.24	1.20	1.24	15.51
Q3 2022	2,000.00	1.37	1.34	1.37	15.87
Q4 2022	2,000.00	1.54	1.52	1.54	16.17
Q1 2023	2,000.00	1.74	1.69	1.74	16.32
Q2 2023	2,000.00	1.88	1.83	1.88	16.86

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
2013	2,000.00	1.26	1.26	-	9.54
2014	2,000.00	1.44	1.44	-	10.30
2015	2,000.00	1.48	1.48	-	10.95
2016	2,000.00	1.43	1.43	-	11.62
2017	2,000.00	1.51	1.51	-	12.18
2018	2,000.00	1.98	1.43	-	13.26
2019	2,000.00	1.51	1.51	1.51	14.15
2020	2,000.00	1.04	1.04	1.04	14.87
2021	2,000.00	1.09	1.00	1.09	15.55
2022	2,000.00	1.54	1.52	1.54	16.17

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	11.73	11.73	1.54
Q2 2014	10.47	10.47	1.36
Q3 2014	12.21	12.21	1.63
Q4 2014	10.60	10.60	1.48
Q1 2015	10.97	10.97	1.54
Q2 2015	11.07	11.07	1.54
Q3 2015	9.06	9.06	1.24
Q4 2015	7.94	7.94	1.08
Q1 2016	6.57	6.57	0.89
Q2 2016	6.61	6.61	0.88
Q3 2016	5.38	5.38	0.69
Q4 2016	7.74	7.74	0.95
Q1 2017	6.92	6.92	0.85
Q2 2017	7.71	7.71	0.95
Q3 2017	8.13	8.13	1.00
Q4 2017	8.16	8.16	1.01
Q1 2018	10.01	10.01	1.20
Q2 2018	11.34	11.34	1.29
Q3 2018	11.89	11.89	1.33
Q4 2018	8.04	11.17	1.20
Q1 2019	9.08	12.49	1.40
Q2 2019	9.18	12.46	1.42
Q3 2019	8.30	11.17	1.30
Q4 2019	13.59	13.59	1.45
Q1 2020	9.50	9.50	0.99
Q2 2020	11.49	11.49	1.00
Q3 2020	13.13	13.13	1.04
Q4 2020	14.54	14.54	1.01
Q1 2021	15.57	16.68	1.04
Q2 2021	17.04	18.26	1.13
Q3 2021	17.26	18.76	1.12
Q4 2021	15.75	17.10	1.10
Q1 2022	18.56	19.21	1.30
Q2 2022	17.83	18.39	1.43
Q3 2022	16.85	17.16	1.45
Q4 2022	15.65	15.84	1.49
Q1 2023	11.09	11.44	1.19
Q2 2023	10.49	10.80	1.17

Period	P/E	Adjusted P/E	Price/book
2013	10.38	10.38	1.37
2014	10.60	10.60	1.48
2015	7.94	7.94	1.08
2016	7.74	7.74	0.95
2017	8.16	8.16	1.01
2018	8.04	11.17	1.20
2019	13.59	13.59	1.45
2020	14.54	14.54	1.01
2021	15.75	17.10	1.10
2022	15.65	15.84	1.49

Business Segments (Million)

Compared With The

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Investment Banking and Brokerage	Others
Q1 2014	530.00	494.40	228.30	30.29	25.77
Q2 2014	572.57	487.50	241.95	36.78	46.72
Q3 2014	518.30	538.93	209.30	32.05	66.92
Q4 2014	557.14	584.24	204.62	36.03	65.77
Q1 2015	604.48	582.76	217.31	32.57	66.11
Q2 2015	618.24	562.31	222.91	43.47	55.41
Q3 2015	574.99	588.74	212.73	24.16	69.25
Q4 2015	492.59	501.26	200.27	40.69	70.89
Q1 2016	576.61	486.44	240.27	34.88	109.09
Q2 2016	604.07	545.00	277.04	35.39	56.11
Q3 2016	649.47	555.45	283.15	30.10	(24.20)
Q4 2016	501.36	421.55	232.26	72.18	167.92
Q1 2017	586.10	574.33	246.87	38.21	35.07
Q2 2017	615.57	638.56	264.29	44.64	72.91
Q3 2017	576.27	615.68	381.47	40.92	62.41
Q4 2017	611.91	615.33	244.65	43.90	68.86
Q1 2018	567.34	617.26	225.52	44.33	78.71
Q2 2018	582.69	589.89	308.47	60.70	104.50
Q3 2018	614.40	595.99	329.77	43.99	99.78
Q4 2018	692.39	667.69	212.00	59.36	40.05
Q1 2019	618.63	629.79	272.89	22.09	89.75
Q2 2019	703.72	638.40	299.62	27.29	64.92
Q3 2019	729.02	675.54	204.91	24.04	103.21
Q4 2019	698.59	623.91	179.43	47.20	79.90
Q1 2020	646.87	498.49	192.31	65.30	86.65
Q2 2020	575.11	683.98	147.95	40.67	22.02
Q3 2020	536.61	548.89	316.27	41.28	20.78
Q4 2020	449.02	562.33	321.10	46.09	22.53
Q1 2021	450.05	459.19	529.49	40.37	77.25
Q2 2021	514.06	446.33	347.23	45.53	28.06
Q3 2021	513.57	571.02	350.46	36.33	7.85
Q4 2021	493.78	469.71	350.14	55.70	(21.62)
Q1 2022	484.24	509.61	387.20	56.28	17.22
Q2 2022	550.13	600.42	444.90	66.89	11.28
Q3 2022	595.80	753.44	234.28	115.14	116.70
Q4 2022	664.18	769.65	276.86	85.85	122.20
Q1 2023	904.91	891.41	244.10	72.60	67.47
Q2 2023	975.44	796.62	159.15	108.15	48.43

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Investment Banking and Brokerage	Others
2013	2,093.44	1,781.24	972.62	112.43	149.82
2014	2,178.01	2,105.07	884.17	135.15	205.18
2015	2,290.30	2,235.07	853.22	140.89	261.66
2016	2,331.50	2,008.45	1,032.72	172.55	308.92
2017	2,389.85	2,443.90	1,137.28	167.67	239.25
2018	2,456.82	2,470.83	1,075.77	208.38	323.03
2019	2,749.95	2,567.63	956.85	120.63	337.78
2020	2,207.62	2,293.68	977.62	193.34	151.98
2021	1,971.46	1,946.26	1,577.33	177.93	91.55
2022	2,294.34	2,633.11	1,343.24	324.16	267.40

Analysts Estimates (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change‬
Average	1,006.51	985.98	(2.0 %)

Estimates vs Actual (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change
HSBC	957.00	985.98	3.0 %
FAB Securities	1,020.00	985.98	(3.3) %
Bank of America	1,020.00	985.98	(3.3) %
Goldman Sachs	930.00	985.98	6.0 %
Hermes	923.00	985.98	6.8 %
Riyad Capital	1,096.00	985.98	(10.0) %
OSOOL AND BAKHEET	1,099.60	985.98	(10.3) %

Financial Ratios

	Current
Market Cap (M Riyal)	39,800.00
Shares Outstanding ((M))	2,000.00
EPS ( Riyal) (TTM)	2.33
EPS Diluted ( Riyal) (TTM)	2.33
Book Value (BV) ( Riyal)	18.19
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	8.09
P/E (TTM)	8.56
Price/book	1.09
Return on Average Assets (%) (TTM)	2.0
Return on Average Equity (%) (TTM)	13.3

Arab National Bank (ANB)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

ANB profit dips 51% to SAR 2.05 bln in H1 2023; Q2 at SAR 986 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Balance Sheet (B)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Ratios

Ratios

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Arab National Bank (ANB)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

ANB profit dips 51% to SAR 2.05 bln in H1 2023; Q2 at SAR 986 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Balance Sheet (B)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Ratios

Ratios

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2023

Revenue by Business Segment (Latest) 2023 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Arab National Bank (ANB)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)