Riyad Bank net profit down 8% to SAR 1.354 bln in Q1 2021

29/04/2021 Argaam Exclusive

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Riyad Bank posted a net profit of SAR 1.354 billion for the first quarter of 2021, a decline of 8%, compared to a net profit of SAR 1.476 billion in prior-year period.

The quarterly figures were hit by higher total operating expenses and lower total operating income. The total operating expenses increased 4.1% year-on-year (YoY), due to higher impairment charge on investments, other general and administrative expenses and other operating expenses.

Total operating income decreased by 2.2% YoY, mainly due to lower fee and commission income, net, trading and exchange income, net partially offset by higher net special commission income.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2020	Q1 2021	Change‬
Net Special Commission Income	1,989.32	2,095.80	5.4 %
Operating Income	2,885.48	2,823.83	(2.1 %)
Debt Provisions	(303.40)	(249.40)	17.8 %
Net Income	1,476.43	1,353.62	(8.3 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.49	0.45	(8.3 %)
EPS Diluted (Riyal)	0.49	0.45	(8.2 %)

Item	Q4 2020	Q1 2021	Change‬
Net Special Commission Income	2,035.87	2,095.80	2.9 %
Operating Income	2,789.71	2,823.83	1.2 %
Debt Provisions	(647.62)	(249.40)	61.5 %
Net Income	879.54	1,353.62	53.9 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.29	0.45	53.9 %
EPS Diluted (Riyal)	0.29	0.45	55.2 %

When compared to Q4 2020, net profit rose 54% from SAR 879 million, thanks to a drop in total operating expenses and an increase in total operating income.

Shareholders’ equity, excluding minority interest, increased by 17% to SAR 44.228 billion by the end of Q1 2021, compared to SAR 37.797 billion in the year-ago period.

Balance Sheet (B)

Item	3m 2020	3m 2021	Change‬
Assets	279.70	308.04	10.1 %
Customer Deposits	192.90	198.60	3.0 %
Loan	182.78	196.44	7.5 %

Financial results (Million)

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change
Q1 2012	1,068.47	8.6 %	1,643.89	7.7 %	(152.87)	4.6 %
Q2 2012	1,095.22	2.7 %	1,804.29	14.9 %	(386.55)	(342.0 %)
Q3 2012	1,117.21	5.0 %	1,667.72	6.1 %	(327.28)	(116.8 %)
Q4 2012	1,100.58	1.6 %	1,670.38	4.0 %	(312.95)	(19.0 %)
2012	4,381.47	4.4 %	6,786.27	8.1 %	(1,179.66)	(78.3 %)
Q1 2013	1,089.59	2.0 %	1,724.64	4.9 %	(191.13)	(25.0 %)
Q2 2013	1,166.34	6.5 %	1,815.48	0.6 %	(197.21)	49.0 %
Q3 2013	1,214.55	8.7 %	1,738.69	4.3 %	(139.62)	57.3 %
Q4 2013	1,226.52	11.4 %	1,795.22	7.5 %	(99.46)	68.2 %
2013	4,697.00	7.2 %	7,074.02	4.2 %	(627.42)	46.8 %
Q1 2014	1,229.64	12.9 %	1,932.04	12.0 %	(203.77)	(6.6 %)
Q2 2014	1,256.38	7.7 %	2,094.96	15.4 %	(262.98)	(33.3 %)
Q3 2014	1,315.71	8.3 %	1,990.25	14.5 %	(217.40)	(55.7 %)
Q4 2014	1,328.51	8.3 %	1,994.52	11.1 %	(215.92)	(117.1 %)
2014	5,130.24	9.2 %	8,011.77	13.3 %	(900.06)	(43.5 %)
Q1 2015	1,281.74	4.2 %	2,047.81	6.0 %	(127.80)	37.3 %
Q2 2015	1,293.48	3.0 %	1,901.43	(9.2 %)	(315.33)	(19.9 %)
Q3 2015	1,261.05	(4.2 %)	1,862.11	(6.4 %)	(358.11)	(64.7 %)
Q4 2015	1,343.51	1.1 %	1,888.02	(5.3 %)	(229.49)	(6.3 %)
2015	5,179.78	1.0 %	7,699.36	(3.9 %)	(1,030.74)	(14.5 %)
Q1 2016	1,267.32	(1.1 %)	1,786.17	(12.8 %)	(104.82)	18.0 %
Q2 2016	1,360.12	5.2 %	2,026.99	6.6 %	(85.11)	73.0 %
Q3 2016	1,320.55	4.7 %	1,854.88	(0.4 %)	(335.22)	6.4 %
Q4 2016	1,353.05	0.7 %	1,833.24	(2.9 %)	(761.26)	(231.7 %)
2016	5,301.03	2.3 %	7,501.28	(2.6 %)	(1,286.40)	(24.8 %)
Q1 2017	1,425.31	12.5 %	2,007.29	12.4 %	(217.11)	(107.1 %)
Q2 2017	1,473.21	8.3 %	1,983.91	(2.1 %)	(371.45)	(336.4 %)
Q3 2017	1,538.68	16.5 %	2,076.13	11.9 %	(288.12)	14.0 %
Q4 2017	1,497.87	10.7 %	2,057.89	12.3 %	(350.80)	53.9 %
2017	5,935.08	12.0 %	8,125.21	8.3 %	(1,227.49)	4.6 %
Q1 2018	1,523.19	6.9 %	2,129.55	6.1 %	(196.44)	9.5 %
Q2 2018	1,629.57	10.6 %	2,173.53	9.6 %	(328.81)	11.5 %
Q3 2018	1,717.41	11.6 %	2,280.89	9.9 %	(243.09)	15.6 %
Q4 2018	1,758.30	17.4 %	2,383.44	15.8 %	(170.37)	51.4 %
2018	6,628.46	11.7 %	8,967.40	10.4 %	(938.71)	23.5 %
Q1 2019	1,808.72	18.7 %	2,580.14	21.2 %	(162.37)	17.3 %
Q2 2019	1,962.95	20.5 %	2,669.57	22.8 %	(283.05)	13.9 %
Q3 2019	2,034.23	18.4 %	2,762.69	21.1 %	(189.84)	21.9 %
Q4 2019	2,031.12	15.5 %	2,704.66	13.5 %	(334.93)	(96.6 %)
2019	7,837.02	18.2 %	10,717.06	19.5 %	(970.20)	(3.4 %)
Q1 2020	1,989.32	10.0 %	2,885.48	11.8 %	(303.40)	(86.9 %)
Q2 2020	2,115.75	7.8 %	2,708.95	1.5 %	(569.99)	(101.4 %)
Q3 2020	2,072.67	1.9 %	2,820.99	2.1 %	(466.07)	(145.5 %)
Q4 2020	2,035.87	0.2 %	2,789.71	3.1 %	(647.62)	(93.4 %)
2020	8,213.61	4.8 %	11,205.12	4.6 %	(1,987.07)	(104.8 %)
Q1 2021	2,095.80	5.4 %	2,823.83	(2.1 %)	(249.40)	17.8 %

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change
2011	4,197.03	1.3 %	6,275.80	4.9 %	(661.71)	29.2 %
2012	4,381.47	4.4 %	6,786.27	8.1 %	(1,179.66)	(78.3 %)
2013	4,697.00	7.2 %	7,074.02	4.2 %	(627.42)	46.8 %
2014	5,130.24	9.2 %	8,011.77	13.3 %	(900.06)	(43.5 %)
2015	5,179.78	1.0 %	7,699.36	(3.9 %)	(1,030.74)	(14.5 %)
2016	5,301.03	2.3 %	7,501.28	(2.6 %)	(1,286.40)	(24.8 %)
2017	5,935.08	12.0 %	8,125.21	8.3 %	(1,227.49)	4.6 %
2018	6,628.46	11.7 %	8,967.40	10.4 %	(938.71)	23.5 %
2019	7,837.02	18.2 %	10,717.06	19.5 %	(970.20)	(3.4 %)
2020	8,213.61	4.8 %	11,205.12	4.6 %	(1,987.07)	(104.8 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2012	901.48	21.6 %	0.30	-	901.48	0.30
Q2 2012	914.40	9.4 %	0.30	-	914.40	0.30
Q3 2012	840.03	5.8 %	0.28	-	840.03	0.28
Q4 2012	810.13	4.2 %	0.27	-	810.13	0.27
2012	3,466.05	10.1 %	1.16	-	3,466.05	1.16
Q1 2013	950.98	5.5 %	0.32	-	950.98	0.32
Q2 2013	967.91	5.9 %	0.32	-	967.91	0.32
Q3 2013	997.93	18.8 %	0.33	-	997.93	0.33
Q4 2013	1,030.29	27.2 %	0.34	-	1,030.29	0.34
2013	3,947.11	13.9 %	1.32	-	3,947.11	1.32
Q1 2014	1,079.45	13.5 %	0.36	-	1,079.45	0.36
Q2 2014	1,136.26	17.4 %	0.38	-	1,136.26	0.38
Q3 2014	1,076.29	7.9 %	0.36	-	1,076.29	0.36
Q4 2014	1,060.41	2.9 %	0.35	-	1,060.41	0.35
2014	4,352.41	10.3 %	1.45	-	4,352.41	1.45
Q1 2015	1,171.60	8.5 %	0.39	-	1,171.60	0.39
Q2 2015	1,128.23	(0.7 %)	0.38	266.60	861.63	0.29
Q3 2015	898.55	(16.5 %)	0.30	-	898.55	0.30
Q4 2015	851.10	(19.7 %)	0.28	-	851.10	0.28
2015	4,049.48	(7.0 %)	1.35	266.60	3,782.88	1.26
Q1 2016	1,173.72	0.2 %	0.39	201.00	972.72	0.32
Q2 2016	1,145.98	1.6 %	0.38	-	1,145.98	0.38
Q3 2016	729.43	(18.8 %)	0.24	-	729.43	0.24
Q4 2016	293.37	(65.5 %)	0.10	-	293.37	0.10
2016	3,342.49	(17.5 %)	1.11	201.00	3,141.49	1.05
Q1 2017	1,047.36	(10.8 %)	0.35	-	1,047.36	0.35
Q2 2017	847.92	(26.0 %)	0.28	-	847.92	0.28
Q3 2017	1,076.85	47.6 %	0.36	-	1,076.85	0.36
Q4 2017	973.88	232.0 %	0.32	-	973.88	0.32
2017	3,946.00	18.1 %	1.32	-	3,946.00	1.32
Q1 2018	916.83	(12.5 %)	0.31	-	916.83	0.31
Q2 2018	842.49	(0.6 %)	0.28	-	842.49	0.28
Q3 2018	945.01	(12.2 %)	0.32	-	945.01	0.32
Q4 2018	387.75	(60.2 %)	0.13	(744.00)	1,131.75	0.38
2018	3,092.09	(21.6 %)	1.03	(744.00)	3,836.09	1.28
Q1 2019	1,484.79	61.9 %	0.49	-	1,484.79	0.49
Q2 2019	1,499.75	78.0 %	0.50	-	1,499.75	0.50
Q3 2019	1,506.35	59.4 %	0.50	-	1,506.35	0.50
Q4 2019	1,111.18	186.6 %	0.37	-	1,111.18	0.37
2019	5,602.07	81.2 %	1.87	-	5,602.07	1.87
Q1 2020	1,476.43	(0.6 %)	0.49	-	1,476.43	0.49
Q2 2020	1,063.05	(29.1 %)	0.35	-	1,063.05	0.35
Q3 2020	1,295.98	(14.0 %)	0.43	-	1,295.98	0.43
Q4 2020	879.54	(20.8 %)	0.29	-	879.54	0.29
2020	4,715.00	(15.8 %)	1.57	-	4,715.00	1.57
Q1 2021	1,353.62	(8.3 %)	0.45	-	1,353.62	0.45

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2011	3,149.35	11.5 %	1.05	-	3,149.35	1.05
2012	3,466.05	10.1 %	1.16	-	3,466.05	1.16
2013	3,947.11	13.9 %	1.32	-	3,947.11	1.32
2014	4,352.41	10.3 %	1.45	-	4,352.41	1.45
2015	4,049.48	(7.0 %)	1.35	266.60	3,782.88	1.26
2016	3,342.49	(17.5 %)	1.11	201.00	3,141.49	1.05
2017	3,946.00	18.1 %	1.32	-	3,946.00	1.32
2018	3,092.09	(21.6 %)	1.03	(744.00)	3,836.09	1.28
2019	5,602.07	81.2 %	1.87	-	5,602.07	1.87
2020	4,715.00	(15.8 %)	1.57	-	4,715.00	1.57

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
Q1 2012	1.82 %	11.18 %	66.97 %
Q2 2012	1.89 %	11.16 %	65.03 %
Q3 2012	1.92 %	11.34 %	64.91 %
Q4 2012	1.87 %	11.16 %	64.56 %
2012	1.87 %	11.16 %	64.56 %
Q1 2013	1.90 %	11.31 %	64.11 %
Q2 2013	1.92 %	11.40 %	65.04 %
Q3 2013	1.97 %	11.72 %	65.78 %
Q4 2013	2.00 %	11.99 %	66.40 %
2013	2.00 %	11.99 %	66.40 %
Q1 2014	2.05 %	12.43 %	66.43 %
Q2 2014	2.09 %	12.97 %	65.17 %
Q3 2014	2.06 %	12.82 %	64.36 %
Q4 2014	2.07 %	12.54 %	64.03 %
2014	2.07 %	12.54 %	64.03 %
Q1 2015	2.08 %	12.61 %	63.76 %
Q2 2015	2.03 %	12.61 %	65.79 %
Q3 2015	1.96 %	12.06 %	66.17 %
Q4 2015	1.85 %	11.24 %	67.28 %
2015	1.85 %	11.24 %	67.28 %
Q1 2016	1.83 %	10.95 %	69.45 %
Q2 2016	1.81 %	11.00 %	69.18 %
Q3 2016	1.77 %	10.71 %	70.03 %
Q4 2016	1.52 %	9.09 %	70.67 %
2016	1.52 %	9.09 %	70.67 %
Q1 2017	1.45 %	8.67 %	70.69 %
Q2 2017	1.31 %	7.88 %	72.56 %
Q3 2017	1.48 %	8.74 %	73.29 %
Q4 2017	1.82 %	10.44 %	73.05 %
2017	1.82 %	10.44 %	73.05 %
Q1 2018	1.77 %	10.43 %	73.15 %
Q2 2018	1.75 %	10.36 %	73.36 %
Q3 2018	1.66 %	9.89 %	73.69 %
Q4 2018	1.39 %	8.20 %	73.92 %
2018	1.39 %	8.20 %	73.92 %
Q1 2019	1.62 %	9.92 %	73.41 %
Q2 2019	1.87 %	11.31 %	73.10 %
Q3 2019	2.05 %	12.84 %	72.76 %
Q4 2019	2.26 %	14.49 %	73.13 %
2019	2.26 %	14.49 %	73.13 %
Q1 2020	2.15 %	14.83 %	72.74 %
Q2 2020	1.91 %	12.86 %	73.86 %
Q3 2020	1.77 %	12.08 %	73.82 %
Q4 2020	1.64 %	11.10 %	73.30 %
2020	1.64 %	11.10 %	73.30 %
Q1 2021	1.56 %	11.20 %	74.66 %

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
2011	1.78 %	10.61 %	66.88 %
2012	1.87 %	11.16 %	64.56 %
2013	2.00 %	11.99 %	66.40 %
2014	2.07 %	12.54 %	64.03 %
2015	1.85 %	11.24 %	67.28 %
2016	1.52 %	9.09 %	70.67 %
2017	1.82 %	10.44 %	73.05 %
2018	1.39 %	8.20 %	73.92 %
2019	2.26 %	14.49 %	73.13 %
2020	1.64 %	11.10 %	73.30 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Loan	Change
Q1 2012	183.39	1.5 %	139.54	4.8 %	113.69	4.0 %
Q2 2012	180.64	1.7 %	137.06	3.5 %	115.09	4.1 %
Q3 2012	177.10	(1.8 %)	134.93	2.0 %	115.29	2.8 %
Q4 2012	190.18	5.1 %	146.21	4.6 %	117.47	4.0 %
Q1 2013	186.45	1.7 %	143.96	3.2 %	120.92	6.4 %
Q2 2013	191.63	6.1 %	147.88	7.9 %	126.19	9.6 %
Q3 2013	201.80	13.9 %	154.19	14.3 %	129.90	12.7 %
Q4 2013	205.25	7.9 %	153.20	4.8 %	131.19	11.7 %
Q1 2014	211.41	13.4 %	159.95	11.1 %	136.77	13.1 %
Q2 2014	213.99	11.7 %	160.10	8.3 %	140.77	11.6 %
Q3 2014	217.07	7.6 %	161.64	4.8 %	140.70	8.3 %
Q4 2014	214.59	4.6 %	164.08	7.1 %	133.49	1.8 %
Q1 2015	216.53	2.4 %	165.02	3.2 %	138.04	0.9 %
Q2 2015	222.48	4.0 %	167.07	4.4 %	137.10	(2.6 %)
Q3 2015	216.98	0.0 %	161.12	(0.3 %)	138.46	(1.6 %)
Q4 2015	223.32	4.1 %	167.85	2.3 %	145.07	8.7 %
Q1 2016	227.00	4.8 %	165.76	0.4 %	152.56	10.5 %
Q2 2016	227.78	2.4 %	164.04	(1.8 %)	154.67	12.8 %
Q3 2016	223.47	3.0 %	160.82	(0.2 %)	152.63	10.2 %
Q4 2016	217.62	(2.6 %)	156.68	(6.7 %)	142.91	(1.5 %)
Q1 2017	216.32	(4.7 %)	154.19	(7.0 %)	140.92	(7.6 %)
Q2 2017	218.99	(3.9 %)	156.98	(4.3 %)	141.18	(8.7 %)
Q3 2017	218.22	(2.3 %)	156.05	(3.0 %)	142.07	(6.9 %)
Q4 2017	216.28	(0.6 %)	154.37	(1.5 %)	138.84	(2.8 %)
Q1 2018	213.67	(1.2 %)	151.92	(1.5 %)	141.22	0.2 %
Q2 2018	215.48	(1.6 %)	153.42	(2.3 %)	144.31	2.2 %
Q3 2018	225.97	3.5 %	159.24	2.0 %	145.76	2.6 %
Q4 2018	229.90	6.3 %	169.82	10.0 %	151.02	8.8 %
Q1 2019	239.52	12.1 %	173.49	14.2 %	158.24	12.1 %
Q2 2019	246.12	14.2 %	176.51	15.1 %	161.32	11.8 %
Q3 2019	250.57	10.9 %	177.67	11.6 %	166.28	14.1 %
Q4 2019	265.79	15.6 %	194.52	14.5 %	173.98	15.2 %
Q1 2020	279.70	16.8 %	192.90	11.2 %	182.78	15.5 %
Q2 2020	295.08	19.9 %	199.99	13.3 %	187.65	16.3 %
Q3 2020	308.56	23.1 %	201.29	13.3 %	190.82	14.8 %
Q4 2020	310.09	16.7 %	203.04	4.4 %	191.35	10.0 %
Q1 2021	308.04	10.1 %	198.60	3.0 %	196.44	7.5 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
3m 2012	183.39	1.5 %	139.54	4.8 %	113.69	4.0 %
6m 2012	180.64	1.7 %	137.06	3.5 %	115.09	4.1 %
9m 2012	177.10	(1.8 %)	134.93	2.0 %	115.29	2.8 %
12m 2012	190.18	5.1 %	146.21	4.6 %	117.47	4.0 %
3m 2013	186.45	1.7 %	143.96	3.2 %	120.92	6.4 %
6m 2013	191.63	6.1 %	147.88	7.9 %	126.19	9.6 %
9m 2013	201.80	13.9 %	154.19	14.3 %	129.90	12.7 %
12m 2013	205.25	7.9 %	153.20	4.8 %	131.19	11.7 %
3m 2014	211.41	13.4 %	159.95	11.1 %	136.77	13.1 %
6m 2014	213.99	11.7 %	160.10	8.3 %	140.77	11.6 %
9m 2014	217.07	7.6 %	161.64	4.8 %	140.70	8.3 %
12m 2014	214.59	4.6 %	164.08	7.1 %	133.49	1.8 %
3m 2015	216.53	2.4 %	165.02	3.2 %	138.04	0.9 %
6m 2015	222.48	4.0 %	167.07	4.4 %	137.10	(2.6 %)
9m 2015	216.98	0.0 %	161.12	(0.3 %)	138.46	(1.6 %)
12m 2015	223.32	4.1 %	167.85	2.3 %	145.07	8.7 %
3m 2016	227.00	4.8 %	165.76	0.4 %	152.56	10.5 %
6m 2016	227.78	2.4 %	164.04	(1.8 %)	154.67	12.8 %
9m 2016	223.47	3.0 %	160.82	(0.2 %)	152.63	10.2 %
12m 2016	217.62	(2.6 %)	156.68	(6.7 %)	142.91	(1.5 %)
3m 2017	216.32	(4.7 %)	154.19	(7.0 %)	140.92	(7.6 %)
6m 2017	218.99	(3.9 %)	156.98	(4.3 %)	141.18	(8.7 %)
9m 2017	218.22	(2.3 %)	156.05	(3.0 %)	142.07	(6.9 %)
12m 2017	216.28	(0.6 %)	154.37	(1.5 %)	138.84	(2.8 %)
3m 2018	213.67	(1.2 %)	151.92	(1.5 %)	141.22	0.2 %
6m 2018	215.48	(1.6 %)	153.42	(2.3 %)	144.31	2.2 %
9m 2018	225.97	3.5 %	159.24	2.0 %	145.76	2.6 %
12m 2018	229.90	6.3 %	169.82	10.0 %	151.02	8.8 %
3m 2019	239.52	12.1 %	173.49	14.2 %	158.24	12.1 %
6m 2019	246.12	14.2 %	176.51	15.1 %	161.32	11.8 %
9m 2019	250.57	10.9 %	177.67	11.6 %	166.28	14.1 %
12m 2019	265.79	15.6 %	194.52	14.5 %	173.98	15.2 %
3m 2020	279.70	16.8 %	192.90	11.2 %	182.78	15.5 %
6m 2020	295.08	19.9 %	199.99	13.3 %	187.65	16.3 %
9m 2020	308.56	23.1 %	201.29	13.3 %	190.82	14.8 %
12m 2020	310.09	16.7 %	203.04	4.4 %	191.35	10.0 %
3m 2021	308.04	10.1 %	198.60	3.0 %	196.44	7.5 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
2011	180.89	4.2 %	139.82	10.1 %	112.97	6.5 %
2012	190.18	5.1 %	146.21	4.6 %	117.47	4.0 %
2013	205.25	7.9 %	153.20	4.8 %	131.19	11.7 %
2014	214.59	4.6 %	164.08	7.1 %	133.49	1.8 %
2015	223.32	4.1 %	167.85	2.3 %	145.07	8.7 %
2016	217.62	(2.6 %)	156.68	(6.7 %)	142.91	(1.5 %)
2017	216.28	(0.6 %)	154.37	(1.5 %)	138.84	(2.8 %)
2018	229.90	6.3 %	169.82	10.0 %	151.02	8.8 %
2019	265.79	15.6 %	194.52	14.5 %	173.98	15.2 %
2020	310.09	16.7 %	203.04	4.4 %	191.35	10.0 %

Ratios

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
Q1 2012	76.09 %	62.00 %	81.48 %
Q2 2012	75.87 %	63.71 %	83.97 %
Q3 2012	76.19 %	65.10 %	85.44 %
Q4 2012	76.88 %	61.77 %	80.34 %
Q1 2013	77.21 %	64.85 %	83.99 %
Q2 2013	77.17 %	65.85 %	85.33 %
Q3 2013	76.41 %	64.37 %	84.25 %
Q4 2013	74.64 %	63.92 %	85.63 %
Q1 2014	75.66 %	64.70 %	85.51 %
Q2 2014	74.82 %	65.78 %	87.93 %
Q3 2014	74.47 %	64.82 %	87.05 %
Q4 2014	76.46 %	62.21 %	81.36 %
Q1 2015	76.21 %	63.75 %	83.65 %
Q2 2015	75.10 %	61.62 %	82.06 %
Q3 2015	74.26 %	63.82 %	85.94 %
Q4 2015	75.16 %	64.96 %	86.42 %
Q1 2016	73.02 %	67.21 %	92.04 %
Q2 2016	72.02 %	67.90 %	94.28 %
Q3 2016	71.96 %	68.30 %	94.91 %
Q4 2016	72.00 %	65.67 %	91.21 %
Q1 2017	71.28 %	65.14 %	91.39 %
Q2 2017	71.68 %	64.47 %	89.94 %
Q3 2017	71.51 %	65.10 %	91.04 %
Q4 2017	71.37 %	64.19 %	89.94 %
Q1 2018	71.10 %	66.09 %	92.96 %
Q2 2018	71.20 %	66.97 %	94.06 %
Q3 2018	70.47 %	64.51 %	91.53 %
Q4 2018	73.87 %	65.69 %	88.93 %
Q1 2019	72.43 %	66.07 %	91.21 %
Q2 2019	71.72 %	65.55 %	91.40 %
Q3 2019	70.91 %	66.36 %	93.59 %
Q4 2019	73.19 %	65.46 %	89.44 %
Q1 2020	68.97 %	65.35 %	94.75 %
Q2 2020	67.77 %	63.59 %	93.83 %
Q3 2020	65.24 %	61.84 %	94.80 %
Q4 2020	65.48 %	61.71 %	94.24 %
Q1 2021	64.47 %	63.77 %	98.91 %

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
2011	77.30 %	62.45 %	80.80 %
2012	76.88 %	61.77 %	80.34 %
2013	74.64 %	63.92 %	85.63 %
2014	76.46 %	62.21 %	81.36 %
2015	75.16 %	64.96 %	86.42 %
2016	72.00 %	65.67 %	91.21 %
2017	71.37 %	64.19 %	89.94 %
2018	73.87 %	65.69 %	88.93 %
2019	73.19 %	65.46 %	89.44 %
2020	65.48 %	61.71 %	94.24 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
Q1 2012	3,000.00	1.10	1.10	-	10.11
Q2 2012	3,000.00	1.13	1.13	-	10.32
Q3 2012	3,000.00	1.14	1.14	-	10.35
Q4 2012	3,000.00	1.16	1.16	-	10.65
Q1 2013	3,000.00	1.17	1.17	-	10.61
Q2 2013	3,000.00	1.19	1.19	-	10.54
Q3 2013	3,000.00	1.24	1.24	-	10.85
Q4 2013	3,000.00	1.32	1.32	-	11.29
Q1 2014	3,000.00	1.36	1.36	-	11.25
Q2 2014	3,000.00	1.41	1.41	-	11.27
Q3 2014	3,000.00	1.44	1.44	-	11.62
Q4 2014	3,000.00	1.45	1.45	1.45	11.85
Q1 2015	3,000.00	1.48	1.48	1.48	12.25
Q2 2015	3,000.00	1.48	1.39	1.48	12.19
Q3 2015	3,000.00	1.42	1.33	1.42	11.92
Q4 2015	3,000.00	1.35	1.26	1.35	12.18
Q1 2016	3,000.00	1.35	1.19	1.35	12.42
Q2 2016	3,000.00	1.36	1.29	1.35	12.47
Q3 2016	3,000.00	1.30	1.23	1.29	12.35
Q4 2016	3,000.00	1.11	1.05	1.10	12.32
Q1 2017	3,000.00	1.07	1.07	1.06	12.32
Q2 2017	3,000.00	0.97	0.97	0.96	12.21
Q3 2017	3,000.00	1.09	1.09	1.08	12.56
Q4 2017	3,000.00	1.32	1.32	1.32	12.87
Q1 2018	3,000.00	1.27	1.27	1.35	12.06
Q2 2018	3,000.00	1.27	1.27	1.35	12.31
Q3 2018	3,000.00	1.23	1.23	1.31	12.25
Q4 2018	3,000.00	1.03	1.28	1.11	12.26
Q1 2019	3,000.00	1.22	1.47	1.22	12.55
Q2 2019	3,000.00	1.44	1.69	1.44	13.14
Q3 2019	3,000.00	1.63	1.87	1.62	13.08
Q4 2019	3,000.00	1.87	1.87	1.86	13.52
Q1 2020	3,000.00	1.86	1.86	1.86	12.60
Q2 2020	3,000.00	1.72	1.72	1.71	13.60
Q3 2020	3,000.00	1.65	1.65	1.64	14.22
Q4 2020	3,000.00	1.57	1.57	1.56	14.79
Q1 2021	3,000.00	1.53	1.53	1.52	14.74

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
2011	3,000.00	1.05	1.05	-	10.05
2012	3,000.00	1.16	1.16	-	10.65
2013	3,000.00	1.32	1.32	-	11.29
2014	3,000.00	1.45	1.45	1.45	11.85
2015	3,000.00	1.35	1.26	1.35	12.18
2016	3,000.00	1.11	1.05	1.11	12.32
2017	3,000.00	1.32	1.32	1.32	12.87
2018	3,000.00	1.03	1.28	1.03	12.26
2019	3,000.00	1.87	1.87	1.87	13.52
2020	3,000.00	1.57	1.57	1.57	14.79

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	11.69	11.69	1.28
Q2 2012	10.18	10.18	1.11
Q3 2012	9.92	9.92	1.10
Q4 2012	9.95	9.95	1.08
Q1 2013	9.77	9.77	1.08
Q2 2013	10.46	10.46	1.18
Q3 2013	10.59	10.59	1.21
Q4 2013	11.10	11.10	1.29
Q1 2014	12.84	12.84	1.55
Q2 2014	12.69	12.69	1.59
Q3 2014	14.65	14.65	1.82
Q4 2014	11.72	11.72	1.43
Q1 2015	11.36	11.36	1.37
Q2 2015	11.26	11.98	1.37
Q3 2015	9.87	10.53	1.18
Q4 2015	9.20	9.85	1.02
Q1 2016	8.33	9.42	0.91
Q2 2016	8.10	8.52	0.88
Q3 2016	7.76	8.18	0.81
Q4 2016	10.50	11.17	0.94
Q1 2017	9.94	9.94	0.86
Q2 2017	11.40	11.40	0.90
Q3 2017	10.88	10.88	0.94
Q4 2017	9.47	9.47	0.97
Q1 2018	10.27	10.27	1.15
Q2 2018	12.04	12.04	1.32
Q3 2018	12.69	12.69	1.36
Q4 2018	17.86	14.39	1.62
Q1 2019	19.75	16.42	1.92
Q2 2019	18.72	15.96	2.05
Q3 2019	15.06	13.07	1.87
Q4 2019	12.90	12.90	1.77
Q1 2020	8.04	8.04	1.19
Q2 2020	9.86	9.86	1.24
Q3 2020	11.37	11.37	1.31
Q4 2020	12.95	12.95	1.37
Q1 2021	14.76	14.76	1.52

Period	P/E	Adjusted P/E	Price/book
2011	11.10	11.10	1.16
2012	9.95	9.95	1.08
2013	11.10	11.10	1.29
2014	11.72	11.72	1.43
2015	9.20	9.85	1.02
2016	10.41	11.07	0.94
2017	9.47	9.47	0.97
2018	19.24	15.51	1.62
2019	12.83	12.83	1.77
2020	12.87	12.87	1.37

Business Segments (Million)

Compared With The

Period	Corporate and Institutional Banking	Retail	Trade and other business	Investment Banking and Brokerage	Others
Q1 2012	679.04	509.01	230.75	109.10	115.98
Q2 2012	762.63	531.61	415.54	91.62	2.90
Q3 2012	775.24	448.93	263.35	78.57	101.61
Q4 2012	726.82	517.09	240.89	74.23	111.34
Q1 2013	742.94	526.07	318.13	86.74	50.77
Q2 2013	832.84	629.02	258.35	88.54	6.73
Q3 2013	791.26	604.78	255.57	84.63	2.45
Q4 2013	845.08	613.48	209.64	92.89	34.14
Q1 2014	923.48	587.96	269.14	92.29	59.18
Q2 2014	889.64	681.85	334.94	113.23	75.32
Q3 2014	858.09	615.03	349.86	102.37	64.91
Q4 2014	950.36	617.23	242.76	100.75	83.42
Q1 2015	939.86	652.58	326.35	92.89	36.12
Q2 2015	886.75	658.54	251.82	103.87	267.05
Q3 2015	783.54	635.58	374.95	73.52	(5.48)
Q4 2015	758.45	785.92	177.09	92.85	73.72
Q1 2016	784.82	646.82	173.87	71.64	310.02
Q2 2016	689.06	645.57	418.92	81.80	191.64
Q3 2016	678.28	541.65	360.81	60.72	213.42
Q4 2016	711.12	487.81	281.76	68.43	284.12
Q1 2017	841.43	651.85	446.76	67.25	-
Q2 2017	888.49	648.55	366.37	80.51	-
Q3 2017	895.84	679.78	423.44	77.07	-
Q4 2017	845.40	694.78	439.93	77.78	-
Q1 2018	820.77	714.54	505.55	88.69	-
Q2 2018	837.53	720.71	529.62	85.68	-
Q3 2018	857.56	741.72	587.16	94.44	-
Q4 2018	1,036.97	1,020.89	214.08	111.49	-
Q1 2019	1,048.27	785.09	641.41	105.38	-
Q2 2019	1,128.27	964.07	440.48	136.75	-
Q3 2019	1,086.78	984.87	551.55	139.49	-
Q4 2019	975.68	985.51	536.51	206.96	-
Q1 2020	1,081.78	964.01	696.86	142.84	-
Q2 2020	1,052.17	870.68	615.42	170.68	-
Q3 2020	1,160.71	958.91	509.11	192.27	-
Q4 2020	1,006.93	950.85	570.81	261.01	-
Q1 2021	1,104.71	922.74	588.82	207.56	-

Period	Corporate and Institutional Banking	Retail	Trade and other business	Investment Banking and Brokerage	Others
2011	2,856.30	1,921.41	1,069.76	297.53	130.80
2012	2,943.74	2,006.64	1,150.53	353.52	331.83
2013	3,212.11	2,373.35	1,041.68	352.79	94.09
2014	3,621.56	2,502.06	1,196.69	408.64	282.82
2015	3,368.60	2,732.62	1,130.21	363.13	371.41
2016	2,863.27	2,321.85	1,235.36	282.60	999.20
2017	3,471.16	2,674.96	1,676.49	302.60	-
2018	3,576.04	3,197.39	1,814.14	379.83	-
2019	4,239.01	3,719.54	2,169.95	588.57	-
2020	4,301.58	3,744.44	2,392.19	766.80	-

Analysts Estimates (Million)

Item	Q1 2021 (e)	Q1 2021 (a)	Change‬
Average	1,263.05	1,353.62	7.17 %

Estimates vs Actual (Million)

Item	Q1 2021 (e)	Q1 2021 (a)	Change
OSOOL AND BAKHEET	1,318.10	1,353.62	2.7 %
FAB Securities	1,208.00	1,353.62	12.1 %

Financial Ratios

	Current
Market Cap (M Riyal)	80,100.00
Shares Outstanding ((M))	3,000.00
EPS ( Riyal) (TTM)	3.01
EPS Diluted ( Riyal) (TTM)	2.91
Book Value (BV) ( Riyal)	18.86
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	8.88
P/E (TTM)	8.88
Price/book	1.42
Return on Average Assets (%) (TTM)	2.2
Return on Average Equity (%) (TTM)	16.8

Riyad Bank (RIBL)

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Riyad Bank net profit down 8% to SAR 1.354 bln in Q1 2021

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Riyad Bank net profit down 8% to SAR 1.354 bln in Q1 2021

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Current Quarter Comparison (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Balance Sheet (B)

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Ratios

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Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

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