National Commercial Bank (NCB) reported net profit of SAR 2.8 billion for Q1 2020, a 2% year-on-year (YoY) rise, driven by a 7.2% increase in total operating income, higher net special commission income and lower Zakat and tax.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Net Special Commission Income | 3,754.08 | 4,157.22 | 10.7 % |
| Operating Income | 4,950.81 | 5,305.26 | 7.2 % |
| Debt Provisions | (145.33) | (396.09) | (172.6 %) |
| Net Income | 2,775.54 | 2,834.20 | 2.1 % |
| Average Shares | 4,019.65 | 4,019.65 | - |
| EPS (Riyals) | 0.69 | 0.71 | 2.1 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Net Special Commission Income | 4,848.32 | 4,157.22 | (14.3 %) |
| Operating Income | 5,576.93 | 5,305.26 | (4.9 %) |
| Debt Provisions | (287.23) | (396.09) | (37.9 %) |
| Net Income | 3,389.61 | 2,834.20 | (16.4 %) |
| Average Shares | 4,019.65 | 4,019.65 | - |
| EPS (Riyals) | 0.84 | 0.71 | (16.4 %) |
When compared to Q4 2019, net profit dropped by 16.4%.
| Item | 3m 2019 | 3m 2020 | Change |
|---|---|---|---|
| Assets | 464.91 | 534.56 | 15.0 % |
| Customer Deposits | 309.68 | 375.05 | 21.1 % |
| Loan | 267.22 | 304.77 | 14.1 % |
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