2022 At a Glance
Financial
Highlights
-
Net Income
SAR Million
0,0 -
TOTAL OPERATING EXPENSES
SAR Million
0,0 -
COSTUMERS’S DEPOSITS
SAR Million
0,0
-
2022 1,02021 1,348
-
2022 1,02021 0,0
-
2022 0,002021 0,0
Continuing to achieve an
increased level of revenue of 13%
Net Profit year 2022
(SAR Million)
0,00
A continuous growth of profits as a result of growth in all activities of the bank
The annual financial results of Bank Albilad showed for the year ended 31-12-2022, a continuous growth of profits as a result of growth in all activities of the bank, where the bank’s net income increased by 23% to reach SAR 2,082 million compared to SAR 1,687 million for the previous year.
The bank continued to achieve an increased level of revenue which witnessed an increase achieved on the basis of total operating income of SAR 5,191 million, an increase of 13%, which resulted mainly from higher financing and investment revenues. The total operating expenses increased by 6% to reach SAR 2,871 million as a result of the increase in salaries and employee related expenses and other general and administrative expenses.
On the Financial position side, net financing increased to reach SAR 91,179 million, an increase of 10% and investments grew to SAR 20,600 million, an increase of 21% compared to the same period of the previous year, which led to growth in the bank’s total assets by 17% to reach SAR 129,543 million.
- Net income for the year
- Total operating income
- Total operating expenses
-
0,000
-
0,0
-
0, 000
-
0,0
-
-
2022 1,0822021 0,0
-
2022 0,02021 0,0
-
2022 0,02021 0,0
On the liabilities side, deposits increased to reach SAR 94,843 million, or 17%, compared to the same period in the previous year. The total equity amounted to SAR 13,399 million, an increase of SAR 1,419 million, or 12% at the end of December 2022, compared to SAR 11,980 million at the end of December 2021, mainly due to the increase in the bank’s net income. The number of ordinary issued shares reached 1000 million shares.
- Total assets
- Financing, net
- Investment, net
-
0,000
-
0,000
-
0,000
-
0,000
-
0,000
-
0,000
-
0,000
-
-
2022 0,02021 0,0
-
2022 0,02021 0,0
-
2022 0,02021 0,00
The capital adequacy ratio for the pillar I at the end of 2022 was 18%. After zakat, the bank achieved a return on average assets of about 1.7 %, while the return on average shareholders ’equity was 16.4%, and earnings per share reached 2.09 riyals per share. The bank was able to achieve positive financial and operational results and growth during the year 2022, as it achieved growth rates that exceeded the goals set, as a result to the bank’s policies and business strategies that were implemented during the year.
- Total Liabilities
- Customers deposits
- Total shareholders equity
-
0,000
-
0,000
-
0,000
-
0,000
-
0,000
-
0,000
-
0,000
-
-
2022 0,02021 0,0
-
2022 0,02021 0,0
-
2022 0,02021 0,0