SABB turns to profit of SAR 1.889 bln in H1 2021

04/08/2021 Argaam Exclusive

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Saudi British Bank (SABB) turned to a net profit of SAR 1.889 billion in H1 2021, against a net loss of SAR 5.896 billion in the year-earlier period.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Net Special Commission Income	3,717.71	2,894.09	(22.2 %)
Operating Income	4,686.99	3,944.16	(15.8 %)
Total Provisions	(1547.85)	(27.25)	98.2 %
Net Income	(5887.26)	1,892.21	132.1 %
Average Shares	2,054.80	2,054.80	-
EPS (Riyals)	(2.87)	0.92	132.1 %
EPS Diluted (Riyals)	(2.87)	0.92	132.1 %

The earnings were primarily driven by lower provision for expected credit losses and total operating expenses, as the bank set aside the one-off impact of the goodwill impairment of SAR 7.418 billion recorded in the same period last year. However, this was partially offset by a decrease in total operating income due to a 22% decline in net special income.

Total operating expenses fell on lower salaries and employee-related costs, as well as general and administrative expenses. The bank also recorded an increase in depreciation and amortization expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Net Special Commission Income	1,815.14	1,467.28	(19.2 %)
Operating Income	2,318.10	1,946.78	(16.0 %)
Debt Provisions	(1308.78)	(25.58)	98.0 %
Net Income	(6862.85)	918.50	113.4 %
Average Shares	2,054.80	2,054.80	-
EPS (Riyals)	(3.34)	0.45	113.4 %
EPS Diluted (Riyal)	(3.34)	0.45	113.5 %

Item	Q1 2021	Q2 2021	Change‬
Net Special Commission Income	1,426.82	1,467.28	2.8 %
Operating Income	2,021.53	1,946.78	(3.7 %)
Debt Provisions	(1.67)	(25.58)	(1,433.5 %)
Net Income	973.71	918.50	(5.7 %)
Average Shares	2,054.80	2,054.80	-
EPS (Riyals)	0.47	0.45	(5.7 %)
EPS Diluted (Riyal)	0.47	0.45	(4.3 %)

The bank swung to a net profit of SAR 919 million in Q2 2021, against a net loss of SAR 6.867 billion in Q2 2020, due to lower provision for expected credit losses and total operating expenses.

On a sequential basis, SABB’s net profit declined 5.3% on the back of lower total operating income, decline in earnings from associates and higher provision for expected credit losses.

Balance Sheet (B)

Item	6m 2020	6m 2021	Change‬
Assets	266.99	272.94	2.2 %
Customer Deposits	188.36	186.83	(0.8 %)
Loan	152.95	161.44	5.6 %

Financial results (Million)

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change
Q1 2012	775.03	6.8 %	1,235.04	1.3 %	(36.46)	45.8 %
Q2 2012	826.65	6.1 %	1,377.72	2.2 %	(114.21)	8.3 %
Q3 2012	841.66	7.0 %	1,325.49	9.6 %	(287.71)	(47.3 %)
Q4 2012	820.75	12.4 %	1,228.22	9.5 %	(0.58)	99.3 %
2012	3,264.10	8.0 %	5,166.48	5.5 %	(438.96)	6.4 %
Q1 2013	885.23	14.2 %	1,437.55	16.4 %	(104.57)	(186.8 %)
Q2 2013	938.92	13.6 %	1,501.66	9.0 %	(105.81)	7.4 %
Q3 2013	949.92	12.9 %	1,474.03	11.2 %	(214.80)	25.3 %
Q4 2013	945.22	15.2 %	1,400.43	14.0 %	51.01	8955.9 %
2013	3,719.30	13.9 %	5,813.67	12.5 %	(374.18)	14.8 %
Q1 2014	960.58	8.5 %	1,620.94	12.8 %	(117.59)	(12.4 %)
Q2 2014	1,008.65	7.4 %	1,663.75	10.8 %	(81.37)	23.1 %
Q3 2014	1,029.46	8.4 %	1,654.60	12.3 %	(157.78)	26.5 %
Q4 2014	1,063.92	12.6 %	1,562.92	11.6 %	(93.07)	(282.4 %)
2014	4,062.61	9.2 %	6,502.21	11.8 %	(449.81)	(20.2 %)
Q1 2015	1,031.46	7.4 %	1,717.18	5.9 %	(115.59)	1.7 %
Q2 2015	1,067.05	5.8 %	1,674.98	0.7 %	(113.05)	(38.9 %)
Q3 2015	1,079.01	4.8 %	1,689.26	2.1 %	(88.00)	44.2 %
Q4 2015	1,076.35	1.2 %	1,549.21	(0.9 %)	(113.08)	(21.5 %)
2015	4,253.88	4.7 %	6,630.63	2.0 %	(429.72)	4.5 %
Q1 2016	1,116.67	8.3 %	1,795.56	4.6 %	(144.97)	(25.4 %)
Q2 2016	1,181.84	10.8 %	1,761.11	5.1 %	(103.29)	8.6 %
Q3 2016	1,222.36	13.3 %	1,687.30	(0.1 %)	(189.53)	(115.4 %)
Q4 2016	1,236.05	14.8 %	1,664.64	7.5 %	(506.78)	(348.2 %)
2016	4,756.92	11.8 %	6,908.60	4.2 %	(944.56)	(119.8 %)
Q1 2017	1,250.65	12.0 %	1,824.07	1.6 %	(226.29)	(56.1 %)
Q2 2017	1,284.32	8.7 %	1,800.61	2.2 %	(164.90)	(59.7 %)
Q3 2017	1,258.28	2.9 %	1,763.89	4.5 %	(168.78)	10.9 %
Q4 2017	1,304.64	5.5 %	1,738.34	4.4 %	(441.85)	12.8 %
2017	5,097.88	7.2 %	7,126.91	3.2 %	(1,001.83)	(6.1 %)
Q1 2018	1,322.55	5.7 %	1,761.65	(3.4 %)	(207.25)	8.4 %
Q2 2018	1,390.51	8.3 %	1,868.53	3.8 %	90.82	155.1 %
Q3 2018	1,413.74	12.4 %	1,861.35	5.5 %	(87.02)	48.4 %
Q4 2018	1,450.53	11.2 %	1,831.32	5.3 %	(55.58)	87.4 %
2018	5,577.33	9.4 %	7,322.84	2.7 %	(259.03)	74.1 %
Q1 2019	1,486.94	12.4 %	1,970.01	11.8 %	(90.78)	56.2 %
Q2 2019	1,609.90	15.8 %	2,010.61	7.6 %	(1,591.65)	(1852.6 %)
Q3 2019	2,084.30	47.4 %	2,669.65	43.4 %	(182.05)	(109.2 %)
Q4 2019	1,998.49	37.8 %	2,563.05	40.0 %	(636.70)	(1,045.6 %)
2019	7,179.63	28.7 %	9,213.32	25.8 %	(2,501.18)	(865.6 %)
Q1 2020	1,902.58	28.0 %	2,368.89	20.2 %	(239.07)	(163.4 %)
Q2 2020	1,815.14	12.7 %	2,318.10	15.3 %	(1,308.78)	17.8 %
Q3 2020	1,657.57	(20.5 %)	2,141.36	(19.8 %)	(51.10)	71.9 %
Q4 2020	1,497.43	(25.1 %)	2,049.61	(20.0 %)	(31.98)	95.0 %
2020	6,872.71	(4.3 %)	8,877.97	(3.6 %)	(1,630.93)	34.8 %
Q1 2021	1,426.82	(25.0 %)	2,021.53	(14.7 %)	(1.67)	99.3 %
Q2 2021	1,467.28	(19.2 %)	1,946.78	(16.0 %)	(25.58)	98.0 %

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change
2011	3,021.98	(6.8 %)	4,898.59	1.2 %	(468.79)	62.3 %
2012	3,264.10	8.0 %	5,166.48	5.5 %	(438.96)	6.4 %
2013	3,719.30	13.9 %	5,813.67	12.5 %	(374.18)	14.8 %
2014	4,062.61	9.2 %	6,502.21	11.8 %	(449.81)	(20.2 %)
2015	4,253.88	4.7 %	6,630.63	2.0 %	(429.72)	4.5 %
2016	4,756.92	11.8 %	6,908.60	4.2 %	(944.56)	(119.8 %)
2017	5,097.88	7.2 %	7,126.91	3.2 %	(1,001.83)	(6.1 %)
2018	5,577.33	9.4 %	7,322.84	2.7 %	(259.03)	74.1 %
2019	7,179.63	28.7 %	9,213.32	25.8 %	(2,501.18)	(865.6 %)
2020	6,872.71	(4.3 %)	8,877.97	(3.6 %)	(1,630.93)	34.8 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2012	854.19	13.7 %	0.57	-	854.19	0.57
Q2 2012	914.98	7.4 %	0.61	-	914.98	0.61
Q3 2012	655.74	4.1 %	0.44	-	655.74	0.44
Q4 2012	815.39	24.4 %	0.54	-	815.39	0.54
2012	3,240.31	12.2 %	2.16	-	3,240.31	2.16
Q1 2013	947.86	11.0 %	0.63	-	947.86	0.63
Q2 2013	1,004.67	9.8 %	0.67	-	1,004.67	0.67
Q3 2013	845.78	29.0 %	0.56	-	845.78	0.56
Q4 2013	975.51	19.6 %	0.65	-	975.51	0.65
2013	3,773.81	16.5 %	2.52	-	3,773.81	2.52
Q1 2014	1,080.53	14.0 %	0.72	-	1,080.53	0.72
Q2 2014	1,157.23	15.2 %	0.77	-	1,157.23	0.77
Q3 2014	1,058.96	25.2 %	0.71	-	1,058.96	0.71
Q4 2014	969.35	(0.6 %)	0.65	-	969.35	0.65
2014	4,266.06	13.0 %	2.84	-	4,266.06	2.84
Q1 2015	1,115.19	3.2 %	0.74	-	1,115.19	0.74
Q2 2015	1,137.26	(1.7 %)	0.76	-	1,137.26	0.76
Q3 2015	1,139.56	7.6 %	0.76	-	1,139.56	0.76
Q4 2015	938.54	(3.2 %)	0.63	-	938.54	0.63
2015	4,330.55	1.5 %	2.89	-	4,330.55	2.89
Q1 2016	1,141.68	2.4 %	0.76	-	1,141.68	0.76
Q2 2016	1,151.65	1.3 %	0.77	-	1,151.65	0.77
Q3 2016	994.82	(12.7 %)	0.66	-	994.82	0.66
Q4 2016	606.58	(35.4 %)	0.40	-	606.58	0.40
2016	3,894.73	(10.1 %)	2.60	-	3,894.73	2.60
Q1 2017	1,035.98	(9.3 %)	0.69	-	1,035.98	0.69
Q2 2017	1,129.16	(2.0 %)	0.75	-	1,129.16	0.75
Q3 2017	1,083.32	8.9 %	0.72	-	1,083.32	0.72
Q4 2017	706.11	16.4 %	0.47	-	706.11	0.47
2017	3,954.58	1.5 %	2.64	-	3,954.58	2.64
Q1 2018	975.40	(5.8 %)	0.65	-	975.40	0.65
Q2 2018	832.59	(26.3 %)	0.56	-	832.59	0.56
Q3 2018	1,061.37	(2.0 %)	0.71	-	1,061.37	0.71
Q4 2018	(153.92)	(121.8 %)	(0.10)	(1053.40)	899.48	0.60
2018	2,715.44	(31.3 %)	1.81	(1053.40)	3,768.84	2.51
Q1 2019	1,108.55	13.7 %	0.58	(58.00)	1,166.55	0.61
Q2 2019	(188.13)	(122.6 %)	(0.10)	(75.00)	(113.13)	(0.06)
Q3 2019	1,177.99	11.0 %	0.61	(137.00)	1,314.99	0.69
Q4 2019	660.10	528.9 %	0.34	(147.00)	807.10	0.42
2019	2,754.26	1.4 %	1.44	(417.00)	3,171.26	1.66
Q1 2020	975.59	(12.0 %)	0.47	(95.00)	1,070.59	0.52
Q2 2020	(6862.85)	(3,547.9 %)	(3.34)	(7509.78)	646.93	0.31
Q3 2020	1,049.99	(10.9 %)	0.51	(114.00)	1,163.99	0.57
Q4 2020	681.88	3.3 %	0.33	(199.00)	880.88	0.43
2020	(4155.39)	(250.9 %)	(2.02)	(7917.78)	3,762.38	1.83
Q1 2021	973.71	(0.2 %)	0.47	-	973.71	0.47
Q2 2021	918.50	113.4 %	0.45	-	918.50	0.45

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2011	2,888.44	53.4 %	1.93	-	2,888.44	1.93
2012	3,240.31	12.2 %	2.16	-	3,240.31	2.16
2013	3,773.81	16.5 %	2.52	-	3,773.81	2.52
2014	4,266.06	13.0 %	2.84	-	4,266.06	2.84
2015	4,330.55	1.5 %	2.89	-	4,330.55	2.89
2016	3,894.73	(10.1 %)	2.60	-	3,894.73	2.60
2017	3,954.58	1.5 %	2.64	-	3,954.58	2.64
2018	2,715.44	(31.3 %)	1.81	(1053.40)	3,768.84	2.51
2019	2,754.26	1.4 %	1.44	(417.00)	3,171.26	1.66
2020	(4155.39)	(250.9 %)	(2.02)	(7917.78)	3,762.38	1.83

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
Q1 2012	2.22 %	18.18 %	62.50 %
Q2 2012	2.17 %	17.74 %	63.09 %
Q3 2012	2.14 %	17.28 %	62.72 %
Q4 2012	2.19 %	17.41 %	63.18 %
2012	2.19 %	17.41 %	63.18 %
Q1 2013	2.20 %	17.68 %	62.85 %
Q2 2013	2.18 %	17.36 %	63.47 %
Q3 2013	2.24 %	17.58 %	63.72 %
Q4 2013	2.26 %	17.59 %	63.98 %
2013	2.26 %	17.59 %	63.98 %
Q1 2014	2.34 %	18.15 %	63.28 %
Q2 2014	2.41 %	17.99 %	62.74 %
Q3 2014	2.45 %	18.06 %	62.21 %
Q4 2014	2.34 %	17.45 %	62.48 %
2014	2.34 %	17.45 %	62.48 %
Q1 2015	2.35 %	17.51 %	62.64 %
Q2 2015	2.33 %	16.66 %	63.42 %
Q3 2015	2.29 %	16.52 %	63.84 %
Q4 2015	2.31 %	15.97 %	64.15 %
2015	2.31 %	15.97 %	64.15 %
Q1 2016	2.28 %	15.92 %	64.68 %
Q2 2016	2.28 %	15.32 %	65.54 %
Q3 2016	2.21 %	14.69 %	67.67 %
Q4 2016	2.08 %	13.10 %	68.85 %
2016	2.08 %	13.10 %	68.85 %
Q1 2017	2.01 %	12.51 %	70.50 %
Q2 2017	2.01 %	12.04 %	71.57 %
Q3 2017	2.11 %	12.26 %	71.31 %
Q4 2017	2.12 %	12.24 %	71.53 %
2017	2.12 %	12.24 %	71.53 %
Q1 2018	2.12 %	12.22 %	73.18 %
Q2 2018	1.97 %	10.95 %	73.97 %
Q3 2018	2.02 %	10.90 %	75.13 %
Q4 2018	1.50 %	8.25 %	76.16 %
2018	1.50 %	8.25 %	76.16 %
Q1 2019	1.60 %	8.66 %	76.24 %
Q2 2019	0.81 %	4.14 %	77.69 %
Q3 2019	0.90 %	4.43 %	78.19 %
Q4 2019	1.25 %	6.24 %	77.93 %
2019	1.25 %	6.23 %	77.93 %
Q1 2020	1.19 %	5.86 %	79.02 %
Q2 2020	(1.51 %)	(7.82 %)	78.64 %
Q3 2020	(1.60 %)	(7.98 %)	78.52 %
Q4 2020	(1.53 %)	(7.79 %)	77.41 %
2020	(1.53 %)	(7.79 %)	77.41 %
Q1 2021	(1.55 %)	(7.74 %)	74.99 %
Q2 2021	1.34 %	7.18 %	74.14 %

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
2011	2.19 %	17.86 %	61.69 %
2012	2.19 %	17.41 %	63.18 %
2013	2.26 %	17.59 %	63.98 %
2014	2.34 %	17.45 %	62.48 %
2015	2.31 %	15.97 %	64.15 %
2016	2.08 %	13.10 %	68.85 %
2017	2.12 %	12.24 %	71.53 %
2018	1.50 %	8.25 %	76.16 %
2019	1.25 %	6.23 %	77.93 %
2020	(1.53 %)	(7.79 %)	77.41 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Loan	Change
Q1 2012	144.05	14.3 %	111.62	15.2 %	91.19	19.6 %
Q2 2012	151.90	17.3 %	117.58	18.6 %	94.74	18.7 %
Q3 2012	156.24	18.4 %	119.70	18.8 %	97.80	18.8 %
Q4 2012	156.65	13.0 %	120.43	14.1 %	96.10	13.3 %
Q1 2013	158.79	10.2 %	122.07	9.4 %	101.18	11.0 %
Q2 2013	161.94	6.6 %	125.89	7.1 %	106.00	11.9 %
Q3 2013	166.28	6.4 %	129.92	8.5 %	107.83	10.3 %
Q4 2013	177.30	13.2 %	138.96	15.4 %	106.11	10.4 %
Q1 2014	175.42	10.5 %	136.98	12.2 %	109.90	8.6 %
Q2 2014	175.47	8.4 %	138.30	9.9 %	112.71	6.3 %
Q3 2014	182.96	10.0 %	143.69	10.6 %	116.67	8.2 %
Q4 2014	187.61	5.8 %	145.87	5.0 %	115.22	8.6 %
Q1 2015	190.16	8.4 %	149.00	8.8 %	120.43	9.6 %
Q2 2015	192.33	9.6 %	151.10	9.3 %	126.96	12.6 %
Q3 2015	197.20	7.8 %	155.85	8.5 %	129.57	11.1 %
Q4 2015	187.75	0.1 %	148.89	2.1 %	125.95	9.3 %
Q1 2016	191.79	0.9 %	151.88	1.9 %	130.56	8.4 %
Q2 2016	191.87	(0.2 %)	150.27	(0.6 %)	131.10	3.3 %
Q3 2016	185.90	(5.7 %)	144.08	(7.5 %)	125.87	(2.9 %)
Q4 2016	186.06	(0.9 %)	140.64	(5.5 %)	120.96	(4.0 %)
Q1 2017	185.26	(3.4 %)	141.57	(6.8 %)	119.49	(8.5 %)
Q2 2017	182.52	(4.9 %)	138.31	(8.0 %)	117.88	(10.1 %)
Q3 2017	179.48	(3.5 %)	134.57	(6.6 %)	116.69	(7.3 %)
Q4 2017	187.62	0.8 %	140.24	(0.3 %)	117.01	(3.3 %)
Q1 2018	182.62	(1.4 %)	135.39	(4.4 %)	116.49	(2.5 %)
Q2 2018	183.13	0.3 %	132.93	(3.9 %)	113.36	(3.8 %)
Q3 2018	175.05	(2.5 %)	129.33	(3.9 %)	112.13	(3.9 %)
Q4 2018	174.68	(6.9 %)	130.51	(6.9 %)	110.33	(5.7 %)
Q1 2019	173.78	(4.8 %)	127.24	(6.0 %)	110.36	(5.3 %)
Q2 2019	270.82	47.9 %	196.16	47.6 %	154.96	36.7 %
Q3 2019	258.49	47.7 %	183.41	41.8 %	149.34	33.2 %
Q4 2019	265.99	52.3 %	192.17	47.2 %	152.08	37.8 %
Q1 2020	265.69	52.9 %	188.28	48.0 %	155.18	40.6 %
Q2 2020	266.99	(1.4 %)	188.36	(4.0 %)	152.95	(1.3 %)
Q3 2020	263.96	2.1 %	180.20	(1.8 %)	151.89	1.7 %
Q4 2020	276.45	3.9 %	189.11	(1.6 %)	153.24	0.8 %
Q1 2021	271.56	2.2 %	183.69	(2.4 %)	156.71	1.0 %
Q2 2021	272.94	2.2 %	186.83	(0.8 %)	161.44	5.6 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
3m 2012	144.05	14.3 %	111.62	15.2 %	91.19	19.6 %
6m 2012	151.90	17.3 %	117.58	18.6 %	94.74	18.7 %
9m 2012	156.24	18.4 %	119.70	18.8 %	97.80	18.8 %
12m 2012	156.65	13.0 %	120.43	14.1 %	96.10	13.3 %
3m 2013	158.79	10.2 %	122.07	9.4 %	101.18	11.0 %
6m 2013	161.94	6.6 %	125.89	7.1 %	106.00	11.9 %
9m 2013	166.28	6.4 %	129.92	8.5 %	107.83	10.3 %
12m 2013	177.30	13.2 %	138.96	15.4 %	106.11	10.4 %
3m 2014	175.42	10.5 %	136.98	12.2 %	109.90	8.6 %
6m 2014	175.47	8.4 %	138.30	9.9 %	112.71	6.3 %
9m 2014	182.96	10.0 %	143.69	10.6 %	116.67	8.2 %
12m 2014	187.61	5.8 %	145.87	5.0 %	115.22	8.6 %
3m 2015	190.16	8.4 %	149.00	8.8 %	120.43	9.6 %
6m 2015	192.33	9.6 %	151.10	9.3 %	126.96	12.6 %
9m 2015	197.20	7.8 %	155.85	8.5 %	129.57	11.1 %
12m 2015	187.75	0.1 %	148.89	2.1 %	125.95	9.3 %
3m 2016	191.79	0.9 %	151.88	1.9 %	130.56	8.4 %
6m 2016	191.87	(0.2 %)	150.27	(0.6 %)	131.10	3.3 %
9m 2016	185.90	(5.7 %)	144.08	(7.5 %)	125.87	(2.9 %)
12m 2016	186.06	(0.9 %)	140.64	(5.5 %)	120.96	(4.0 %)
3m 2017	185.26	(3.4 %)	141.57	(6.8 %)	119.49	(8.5 %)
6m 2017	182.52	(4.9 %)	138.31	(8.0 %)	117.88	(10.1 %)
9m 2017	179.48	(3.5 %)	134.57	(6.6 %)	116.69	(7.3 %)
12m 2017	187.62	0.8 %	140.24	(0.3 %)	117.01	(3.3 %)
3m 2018	182.62	(1.4 %)	135.39	(4.4 %)	116.49	(2.5 %)
6m 2018	183.13	0.3 %	132.93	(3.9 %)	113.36	(3.8 %)
9m 2018	175.05	(2.5 %)	129.33	(3.9 %)	112.13	(3.9 %)
12m 2018	174.68	(6.9 %)	130.51	(6.9 %)	110.33	(5.7 %)
3m 2019	173.78	(4.8 %)	127.24	(6.0 %)	110.36	(5.3 %)
6m 2019	270.82	47.9 %	196.16	47.6 %	154.96	36.7 %
9m 2019	258.49	47.7 %	183.41	41.8 %	149.34	33.2 %
12m 2019	265.99	52.3 %	192.17	47.2 %	152.08	37.8 %
3m 2020	265.69	52.9 %	188.28	48.0 %	155.18	40.6 %
6m 2020	266.99	(1.4 %)	188.36	(4.0 %)	152.95	(1.3 %)
9m 2020	263.96	2.1 %	180.20	(1.8 %)	151.89	1.7 %
12m 2020	276.45	3.9 %	189.11	(1.6 %)	153.24	0.8 %
3m 2021	271.56	2.2 %	183.69	(2.4 %)	156.71	1.0 %
6m 2021	272.94	2.2 %	186.83	(0.8 %)	161.44	5.6 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
2011	138.66	10.6 %	105.58	11.5 %	84.81	14.2 %
2012	156.65	13.0 %	120.43	14.1 %	96.10	13.3 %
2013	177.30	13.2 %	138.96	15.4 %	106.11	10.4 %
2014	187.61	5.8 %	145.87	5.0 %	115.22	8.6 %
2015	187.75	0.1 %	148.89	2.1 %	125.95	9.3 %
2016	186.06	(0.9 %)	140.64	(5.5 %)	120.96	(4.0 %)
2017	187.62	0.8 %	140.24	(0.3 %)	117.01	(3.3 %)
2018	174.68	(6.9 %)	130.51	(6.9 %)	110.33	(5.7 %)
2019	265.99	52.3 %	192.17	47.2 %	152.08	37.8 %
2020	276.45	3.9 %	189.11	(1.6 %)	153.24	0.8 %

Ratios

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
Q1 2012	77.49 %	63.31 %	81.70 %
Q2 2012	77.40 %	62.37 %	80.57 %
Q3 2012	76.61 %	62.60 %	81.71 %
Q4 2012	76.88 %	61.34 %	79.79 %
Q1 2013	76.88 %	63.72 %	82.89 %
Q2 2013	77.74 %	65.46 %	84.20 %
Q3 2013	78.13 %	64.85 %	83.00 %
Q4 2013	78.38 %	59.85 %	76.36 %
Q1 2014	78.09 %	62.65 %	80.23 %
Q2 2014	78.82 %	64.23 %	81.50 %
Q3 2014	78.54 %	63.77 %	81.20 %
Q4 2014	77.75 %	61.42 %	78.99 %
Q1 2015	78.36 %	63.33 %	80.83 %
Q2 2015	78.57 %	66.01 %	84.02 %
Q3 2015	79.03 %	65.71 %	83.14 %
Q4 2015	79.30 %	67.08 %	84.59 %
Q1 2016	79.19 %	68.07 %	85.97 %
Q2 2016	78.32 %	68.33 %	87.24 %
Q3 2016	77.50 %	67.71 %	87.36 %
Q4 2016	75.59 %	65.02 %	86.01 %
Q1 2017	76.42 %	64.50 %	84.40 %
Q2 2017	75.78 %	64.59 %	85.23 %
Q3 2017	74.97 %	65.01 %	86.71 %
Q4 2017	74.75 %	62.36 %	83.43 %
Q1 2018	74.14 %	63.79 %	86.04 %
Q2 2018	72.59 %	61.90 %	85.28 %
Q3 2018	73.88 %	64.06 %	86.70 %
Q4 2018	74.71 %	63.16 %	84.54 %
Q1 2019	73.22 %	63.50 %	86.73 %
Q2 2019	72.43 %	57.22 %	79.00 %
Q3 2019	70.96 %	57.77 %	81.42 %
Q4 2019	72.25 %	57.17 %	79.14 %
Q1 2020	70.86 %	58.41 %	82.42 %
Q2 2020	70.55 %	57.29 %	81.20 %
Q3 2020	68.27 %	57.54 %	84.29 %
Q4 2020	68.41 %	55.43 %	81.03 %
Q1 2021	67.64 %	57.71 %	85.31 %
Q2 2021	68.45 %	59.15 %	86.41 %

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
2011	76.14 %	61.17 %	80.33 %
2012	76.88 %	61.34 %	79.79 %
2013	78.38 %	59.85 %	76.36 %
2014	77.75 %	61.42 %	78.99 %
2015	79.30 %	67.08 %	84.59 %
2016	75.59 %	65.02 %	86.01 %
2017	74.75 %	62.36 %	83.43 %
2018	74.71 %	63.16 %	84.54 %
2019	72.25 %	57.17 %	79.14 %
2020	68.41 %	55.43 %	81.03 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
Q1 2012	1,500.00	1.99	1.99	-	11.79
Q2 2012	1,500.00	2.04	2.04	-	12.31
Q3 2012	1,500.00	2.05	2.05	-	12.80
Q4 2012	1,500.00	2.16	2.16	-	13.38
Q1 2013	1,500.00	2.22	2.22	-	13.35
Q2 2013	1,500.00	2.28	2.28	-	13.99
Q3 2013	1,500.00	2.41	2.41	-	14.60
Q4 2013	1,500.00	2.52	2.52	-	15.22
Q1 2014	1,500.00	2.60	2.60	-	15.35
Q2 2014	1,500.00	2.71	2.71	-	16.10
Q3 2014	1,500.00	2.85	2.85	-	16.93
Q4 2014	1,500.00	2.84	2.84	-	17.38
Q1 2015	1,500.00	2.87	2.87	-	17.40
Q2 2015	1,500.00	2.85	2.85	-	18.17
Q3 2015	1,500.00	2.91	2.91	-	18.27
Q4 2015	1,500.00	2.89	2.89	-	18.78
Q1 2016	1,500.00	2.90	2.90	-	19.09
Q2 2016	1,500.00	2.91	2.91	-	19.87
Q3 2016	1,500.00	2.82	2.82	-	20.10
Q4 2016	1,500.00	2.60	2.60	-	20.85
Q1 2017	1,500.00	2.53	2.53	-	21.30
Q2 2017	1,500.00	2.51	2.51	-	21.83
Q3 2017	1,500.00	2.57	2.57	-	21.83
Q4 2017	1,500.00	2.64	2.64	-	22.23
Q1 2018	1,500.00	2.60	2.60	-	21.18
Q2 2018	1,500.00	2.40	2.40	-	21.98
Q3 2018	1,500.00	2.38	2.38	-	21.89
Q4 2018	1,500.00	1.81	2.51	-	21.64
Q1 2019	1,916.10	1.49	2.07	-	22.67
Q2 2019	1,916.10	0.95	1.57	-	26.91
Q3 2019	1,916.10	1.01	1.71	-	26.77
Q4 2019	1,916.10	1.44	1.66	-	27.25
Q1 2020	2,054.80	1.28	1.50	-	27.04
Q2 2020	2,054.80	(1.97)	1.87	-	23.46
Q3 2020	2,054.80	(2.03)	1.80	-	24.18
Q4 2020	2,054.80	(2.02)	1.83	(2.03)	24.65
Q1 2021	2,054.80	(2.02)	1.78	(2.03)	25.27
Q2 2021	2,054.80	1.76	1.92	1.76	25.69

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
2011	1,500.00	1.93	1.93	-	11.44
2012	1,500.00	2.16	2.16	-	13.38
2013	1,500.00	2.52	2.52	-	15.22
2014	1,500.00	2.84	2.84	-	17.38
2015	1,500.00	2.89	2.89	-	18.78
2016	1,500.00	2.60	2.60	-	20.85
2017	1,500.00	2.64	2.64	-	22.23
2018	1,500.00	1.81	2.51	-	21.64
2019	1,916.10	1.44	1.66	-	27.25
2020	2,054.80	(2.02)	1.83	(2.02)	24.65

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	16.71	16.71	2.83
Q2 2012	14.62	14.62	2.42
Q3 2012	13.52	13.52	2.17
Q4 2012	12.64	12.64	2.04
Q1 2013	13.68	13.68	2.28
Q2 2013	14.84	14.84	2.42
Q3 2013	14.71	14.71	2.43
Q4 2013	15.97	15.97	2.64
Q1 2014	16.48	16.48	2.80
Q2 2014	16.40	16.40	2.76
Q3 2014	19.64	19.64	3.30
Q4 2014	18.74	18.74	3.07
Q1 2015	15.36	15.36	2.53
Q2 2015	15.94	15.94	2.50
Q3 2015	13.15	13.15	2.09
Q4 2015	11.74	11.74	1.81
Q1 2016	10.71	10.71	1.63
Q2 2016	9.55	9.55	1.40
Q3 2016	9.03	9.03	1.27
Q4 2016	13.19	13.19	1.64
Q1 2017	12.26	12.26	1.45
Q2 2017	14.63	14.63	1.68
Q3 2017	14.44	14.44	1.70
Q4 2017	14.03	14.03	1.66
Q1 2018	16.53	16.53	2.03
Q2 2018	18.02	18.02	1.97
Q3 2018	18.39	18.39	2.00
Q4 2018	24.71	17.80	2.07
Q1 2019	27.27	19.61	2.28
Q2 2019	45.75	27.74	1.51
Q3 2019	32.18	19.15	1.14
Q4 2019	25.85	22.45	1.27
Q1 2020	15.82	13.49	0.75
Q2 2020	NEG	12.19	0.97
Q3 2020	NEG	14.09	1.05
Q4 2020	NEG	13.45	1.00
Q1 2021	NEG	14.72	1.04
Q2 2021	17.90	16.47	1.23

Period	P/E	Adjusted P/E	Price/book
2011	14.51	14.51	2.44
2012	12.64	12.64	2.04
2013	15.97	15.97	2.64
2014	18.74	18.74	3.07
2015	11.74	11.74	1.81
2016	13.19	13.19	1.64
2017	14.03	14.03	1.66
2018	24.71	17.80	2.07
2019	25.89	22.48	1.27
2020	NEG	13.52	1.00

Business Segments (Million)

Compared With The

Period	Corporate and Institutional Banking	Retail	Global markets and Treasury	Capital Markets	Securities	Others
Q1 2012	584.90	381.97	268.17	-	-	-
Q2 2012	671.08	414.83	291.82	-	-	-
Q3 2012	639.95	409.91	275.63	-	-	-
Q4 2012	572.92	398.00	257.30	-	-	-
Q1 2013	669.42	449.73	318.40	-	-	-
Q2 2013	721.59	513.72	266.36	-	-	-
Q3 2013	682.97	488.19	302.87	-	-	-
Q4 2013	637.47	478.87	285.81	-	-	-
Q1 2014	765.86	523.73	331.36	-	-	-
Q2 2014	775.98	566.57	321.20	-	-	-
Q3 2014	737.30	591.36	325.94	-	-	-
Q4 2014	713.87	566.28	282.77	-	-	-
Q1 2015	764.09	556.61	396.48	-	-	-
Q2 2015	719.96	610.16	344.86	-	-	-
Q3 2015	793.40	573.68	322.18	-	-	-
Q4 2015	692.91	571.24	285.06	-	-	-
Q1 2016	809.69	567.45	418.42	-	-	-
Q2 2016	816.05	596.58	348.48	-	-	-
Q3 2016	744.91	605.70	298.85	-	-	37.84
Q4 2016	769.26	588.11	307.27	-	-	-
Q1 2017	820.93	629.32	373.81	-	-	-
Q2 2017	813.48	648.25	317.88	-	-	-
Q3 2017	782.34	651.12	298.94	-	-	31.50
Q4 2017	802.81	638.75	296.78	-	-	-
Q1 2018	837.17	636.19	297.53	-	-	(9.24)
Q2 2018	858.65	676.74	297.90	-	-	35.24
Q3 2018	859.33	660.93	305.03	-	-	36.06
Q4 2018	884.78	649.51	299.50	-	-	(2.47)
Q1 2019	974.49	665.28	287.07	-	-	43.18
Q2 2019	1,001.14	702.09	294.50	-	-	12.88
Q3 2019	1,256.87	1,083.30	262.72	-	-	66.75
Q4 2019	1,213.52	1,018.68	310.69	-	-	20.17
Q1 2020	1,161.94	827.87	352.35	-	-	26.74
Q2 2020	1,034.10	794.71	503.14	-	-	(13.86)
Q3 2020	967.46	726.29	447.62	-	-	-
Q4 2020	869.28	813.77	370.56	-	-	(4.00)
Q1 2021	864.31	692.77	458.25	-	-	6.20
Q2 2021	872.68	613.31	413.06	-	-	23.59

Period	Corporate and Institutional Banking	Retail	Global markets and Treasury	Capital Markets	Securities	Others
2011	2,370.37	1,396.91	1,029.29	-	-	102.02
2012	2,468.85	1,604.71	1,092.92	-	-	-
2013	2,711.44	1,930.51	1,173.44	-	-	-
2014	2,993.01	2,247.93	1,261.27	-	-	-
2015	2,970.36	2,311.69	1,348.58	-	-	-
2016	3,139.91	2,357.83	1,373.02	-	-	37.84
2017	3,219.56	2,567.44	1,287.42	-	-	52.50
2018	3,439.92	2,623.37	1,199.96	-	-	59.59
2019	4,446.02	3,469.35	1,154.99	-	-	142.97
2020	4,032.78	3,162.64	1,673.66	-	-	8.88

Analysts Estimates (Million)

Item	Q2 2021 (e)	Q2 2021 (a)	Change‬
Average	789.25	918.50	16.38 %

Estimates vs Actual (Million)

Item	Q2 2021 (e)	Q2 2021 (a)	Change
OSOOL AND BAKHEET	808.50	918.50	13.6 %
Riyad Capital	770.00	918.50	19.3 %

Financial Ratios

	Current
Market Cap (M Riyal)	67,089.22
Shares Outstanding ((M))	2,054.80
EPS ( Riyal) (TTM)	3.80
EPS Diluted ( Riyal) (TTM)	3.68
Book Value (BV) ( Riyal)	29.29
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	8.60
P/E (TTM)	8.60
Price/book	1.11
Return on Average Assets (%) (TTM)	2.1
Return on Average Equity (%) (TTM)	13.5

Saudi Awwal Bank (SAB)

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SABB turns to profit of SAR 1.889 bln in H1 2021

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Financials (M)

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Financial results (Million)

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Profit Performance (Million)

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Profitability

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Ratios And Multiples

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SABB turns to profit of SAR 1.889 bln in H1 2021

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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 2021

Revenue by Business Segment (Latest) 2021 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

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Financial Ratios

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Saudi Awwal Bank (SAB)

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Business Segments (Million)