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Q1 2012<br />
Q2 2012<br />
Q3 2012<br />
Q4 2012<br />
Q1 2013<br />
Q2 2013<br />
Q3 2013<br />
Q4 2013<br />
Q1 2014<br />
Q2 2014<br />
Q3 2014<br />
Q4 2014<br />
Q1 2015<br />
Q2 2015<br />
Q3 2015<br />
Q4 2015<br />
Q1 2016<br />
Q2 2016<br />
Q3 2016<br />
Q4 2016<br />
Q1 2012<br />
Q2 2012<br />
Q3 2012<br />
Q4 2012<br />
Q1 2013<br />
Q2 2013<br />
Q3 2013<br />
Q4 2013<br />
Q1 2014<br />
Q2 2014<br />
Q3 2014<br />
Q4 2014<br />
Q1 2015<br />
Q2 2015<br />
Q3 2015<br />
Q4 2015<br />
Q1 2016<br />
Q2 2016<br />
Q3 2016<br />
Q4 2016<br />
Saudi Banks Sector<br />
Banks –Finance<br />
6 April 2017<br />
Figure 5 Movement of asset yield, cost of deposit, net interest margin and interest rates<br />
5.0%<br />
4.5%<br />
4.0%<br />
3.5%<br />
3.0%<br />
2.5%<br />
2.0%<br />
1.5%<br />
1.0%<br />
4.0% 4.3%<br />
3.6% 3.5% 3.6% 3.6% 3.5% 3.4% 3.4%3.5% 3.4% 3.3% 3.3% 3.2% 3.3% 3.5% 3.7% 3.2% 3.2% 3.2%<br />
3.1%<br />
3.2% 3.1% 3.1% 3.1% 3.0% 3.0%<br />
3.1%<br />
2.9%<br />
2.9% 2.9% 2.8% 2.9% 2.8% 2.8% 2.8% 2.8% 2.8% 2.9% 3.1%<br />
1.7% 2.1% 2.3% 2.2%<br />
0.8% 0.9% 1.0% 1.0% 1.0% 1.0% 1.0% 0.9% 1.0% 1.0% 1.1%<br />
0.9% 0.9% 0.8% 0.8% 0.8%<br />
0.5%<br />
0.0%<br />
Q1<br />
2012<br />
Q2<br />
2012<br />
Q3<br />
2012<br />
Q4<br />
2012<br />
Q1<br />
2013<br />
Q2<br />
2013<br />
Q3<br />
2013<br />
Q4<br />
2013<br />
Q1<br />
2014<br />
Q2<br />
2014<br />
Q3<br />
2014<br />
Q4<br />
2014<br />
Q1<br />
2015<br />
Q2<br />
2015<br />
Q3<br />
2015<br />
Q4<br />
2015<br />
Q1<br />
2016<br />
Q2<br />
2016<br />
Q3<br />
2016<br />
Q4<br />
2016<br />
Asset yield Cost of deposits NIM 3m SAIBOR 3m LIBOR<br />
Source: Company data, Al Rajhi Capital (* NIM is calculated as Non-interest income divided by interest earning assets)<br />
Figure 6 Non-performing loan ratio vs. coverage ratio<br />
190%<br />
180%<br />
170%<br />
160%<br />
150%<br />
140%<br />
130%<br />
120%<br />
2.4%<br />
2.2%<br />
2.0%<br />
1.8%<br />
1.6%<br />
1.4%<br />
1.2%<br />
1.0%<br />
Figure 7 Net interest income for the <strong>sector</strong><br />
SAR mn<br />
16,000<br />
14,000<br />
12,000<br />
10,000<br />
8,000<br />
6,000<br />
4,000<br />
2,000<br />
0<br />
Title:<br />
Source:<br />
16%<br />
14%<br />
12%<br />
Please fill in the values above to have them entered in your report<br />
10%<br />
8%<br />
6%<br />
4%<br />
2%<br />
0%<br />
-2%<br />
-4%<br />
-6%<br />
coverage ratio<br />
Source: Company data, Al Rajhi Capital<br />
Non-performing loan to gross loans (RHS)<br />
Source: Company data, Al Rajhi Capital<br />
Net interest income y-o-y (RHS) q-o-q (RHS)<br />
Disclosures Please refer to the important disclosures at the back of this report. 4
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