Banque Saudi Fransi (BSF) reported a 9% rise in net profit to SAR 2.672 billion in the first nine months of 2022, compared to SAR 2.457 billion a year earlier.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Net Special Commission Income | 4,041.35 | 4,647.99 | 15.0 % |
| Operating Income | 5,463.15 | 5,774.45 | 5.7 % |
| Total Provisions | (853.39) | (889.22) | (4.2 %) |
| Net Income | 2,456.61 | 2,672.45 | 8.8 % |
| Average Shares | 1,205.36 | 1,205.36 | - |
| EPS (Riyals) | 2.04 | 2.22 | 8.8 % |
| EPS Diluted (Riyals) | 1.92 | 2.08 | 8.3 % |
The profit growth was driven by a 7.67% rise year-on-year (YoY) in total operating income, which was partially offset by an increase in total operating expenses by 8.84% YoY.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Net Special Commission Income | 1,423.60 | 1,716.68 | 20.6 % |
| Operating Income | 1,913.97 | 2,083.05 | 8.8 % |
| Debt Provisions | (296.34) | (349.50) | (17.9 %) |
| Net Income | 907.25 | 960.87 | 5.9 % |
| Average Shares | 1,205.36 | 1,205.36 | - |
| EPS (Riyals) | 0.75 | 0.80 | 5.9 % |
| EPS Diluted (Riyal) | 0.71 | 0.75 | 5.6 % |
The third-quarter net earnings rose 6% to SAR 961 million, compared with SAR 907 million a year earlier, mainly due to a 11.55% YoY rise in total operating income.
On a sequential basis, Q3 2022 net profit grew 14.8% from SAR 837 million.
Total shareholders' equity, after minority interest, reached SAR 32.805 billion as of Sept. 30, 2022, compared with SAR 34.242 a year before.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Assets | 213.34 | 231.66 | 8.6 % |
| Customer Deposits | 143.32 | 157.82 | 10.1 % |
| Loan | 144.39 | 158.48 | 9.8 % |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}