Banking sector

Saudi Banks Sector
Banks –Finance
6 April 2017
Company-wise information
Figure 24 Net special Income
Market share
Bank Q4 2015 Q3 2016 Q4 2016 y-o-y q-o-q Q4 2015 Q4 2016
Al Rajhi 2,487 2,913 2,921 17.5% 0.3% 18.4% 19.8%
Samba 1,189 1,466 1,325 11.5% -9.6% 8.8% 9.0%
Riyad 1,341 1,321 1,363 1.6% 3.2% 9.9% 9.2%
BSF 1,032 1,136 1,017 -1.5% -10.4% 7.6% 6.9%
SABB 1,076 1,222 1,236 14.8% 1.1% 8.0% 8.4%
ANB 901 1,067 1,031 14.4% -3.4% 6.7% 7.0%
Al Awwal 593 664 638 7.6% -4.0% 4.4% 4.3%
SIB 428 461 378 -11.7% -18.0% 3.2% 2.6%
Alinma 571 665 706 23.7% 6.2% 4.2% 4.8%
AlJazira 390 407 405 3.7% -0.6% 2.9% 2.7%
Albilad 310 370 365 17.6% -1.5% 2.3% 2.5%
NCB 3,211 3,470 3,365 4.8% -3.0% 23.7% 22.8%
Market 13,529 15,162 14,749 9.0% -2.7% 100.0% 100.0%
Source: Company data, Al Rajhi Capital
Figure 25 Fees and Commission
Market share
Bank Q4 2015 Q3 2016 Q4 2016 y-o-y q-o-q Q4 2015 Q4 2016
Al Rajhi 849 693 580 -31.7% -16.3% 19.7% 15.1%
Samba 359 354 400 11.3% 13.1% 8.3% 10.4%
Riyad 438 320 356 -18.9% 11.3% 10.2% 9.2%
BSF 278 313 324 16.6% 3.6% 6.5% 8.4%
SABB 339 303 283 -16.3% -6.4% 7.9% 7.4%
ANB 252 251 219 -13.2% -12.9% 5.9% 5.7%
Al Awwal 209 186 177 -15.4% -4.9% 4.8% 4.6%
SIB 119 96 103 -12.7% 8.2% 2.8% 2.7%
Alinma 182 142 169 -6.9% 19.2% 4.2% 4.4%
AlJazira 251 141 261 4.0% 84.8% 5.8% 6.8%
Albilad 192 199 201 4.7% 0.8% 4.5% 5.2%
NCB 839 754 779 -7.1% 3.4% 19.5% 20.2%
Total 4,307 3,751 3,852 -10.6% 2.7% 100.0% 100.0%
Source: Company data, Al Rajhi Capital
Figure 26 Total operating income
Market share
Bank Q4 2015 Q3 2016 Q4 2016 y-o-y q-o-q Q4 2015 Q4 2016
Al Rajhi 3,594 3,877 3,812 6.1% -1.7% 18.3% 18.7%
Samba 1,843 2,019 1,848 0.3% -8.5% 9.4% 9.1%
Riyad 1,884 1,855 1,843 -2.2% -0.6% 9.6% 9.1%
BSF 1,534 1,616 1,554 1.3% -3.8% 7.8% 7.6%
SABB 1,549 1,687 1,664 7.4% -1.4% 7.9% 8.2%
ANB 1,349 1,510 1,322 -2.0% -12.4% 6.9% 6.5%
Al Awwal 865 911 910 5.1% -0.2% 4.4% 4.5%
SIB 615 633 570 -7.4% -10.0% 3.1% 2.8%
Alinma 780 829 957 22.7% 15.5% 4.0% 4.7%
AlJazira 581 575 590 1.6% 2.6% 3.0% 2.9%
Albilad 588 647 683 16.1% 5.6% 3.0% 3.4%
NCB 4,444 4,725 4,600 3.5% -2.6% 22.6% 22.6%
Total: 19,626 20,884 20,354 3.7% -2.5% 100.0% 100.0%
Source: Company data, Al Rajhi Capital
Figure 27 All operating costs
Market share
Bank Q4 2015 Q3 2016 Q4 2016 y-o-y q-o-q Q4 2015 Q4 2016
Al Rajhi 1,653 1,867 1,765 6.8% -5.5% 17.0% 14.4%
Samba 610 678 758 24.3% 11.9% 6.3% 6.2%
Riyad 1,033 1,125 1,550 50.0% 37.7% 10.6% 12.6%
BSF 584 605 1,180 102.0% 95.0% 6.0% 9.6%
SABB 611 692 1,058 73.3% 52.8% 6.3% 8.6%
ANB 763 789 761 -0.3% -3.5% 7.9% 6.2%
Al Awwal 414 648 1,159 180.1% 78.8% 4.3% 9.4%
SIB 543 414 268 -50.8% -35.3% 5.6% 2.2%
Alinma 389 517 567 45.7% 9.6% 4.0% 4.6%
AlJazira 425 415 438 2.9% 5.6% 4.4% 3.6%
Albilad 371 419 460 24.2% 9.8% 3.8% 3.7%
NCB 2,317 2,763 2,314 -0.1% -16.3% 23.9% 18.8%
Total 9,714 10,933 12,277 26.4% 12.3% 100.0% 100.0%
Source: Company data, Al Rajhi Capital
Figure 28 NIM (as a % of interest earning assets)
Change (bps)
Bank Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 y-o-y q-o-q
Al Rajhi 3.6% 3.7% 3.9% 4.1% 4.2% 59.5 0.9
Samba 2.3% 2.4% 2.6% 2.9% 2.8% 50.7 (14.4)
Riyad 2.7% 2.5% 2.6% 2.6% 2.8% 0.8 17.5
BSF 2.5% 2.5% 2.4% 2.5% 2.3% (20.8) (26.4)
SABB 2.4% 2.6% 2.7% 2.9% 3.1% 61.3 17.1
ANB 2.4% 2.6% 2.9% 2.9% 2.8% 40.4 (6.1)
Al Awwal 2.5% 2.4% 2.4% 2.7% 2.6% 17.3 (4.0)
SIB 2.1% 1.9% 1.9% 2.1% 1.8% (27.0) (34.8)
Alinma 3.0% 2.9% 2.8% 2.9% 3.0% 6.0 7.7
AlJazira 2.7% 2.5% 2.5% 2.6% 2.7% 1.9 4.0
Albilad 2.8% 2.8% 2.8% 3.0% 3.1% 29.0 1.0
NCB 3.2% 3.3% 3.3% 3.5% 3.5% 31.2 (1.9)
Total: 2.8% 2.8% 2.9% 3.1% 3.1% 27.4 (2.3)
Source: Company data, Al Rajhi Capital
Figure 29 Brokerage net income
Market share
Bank Q4 2015 Q3 2016 Q4 2016 y-o-y q-o-q Q4 2015 Q4 2016
Al Rajhi 1,333 2,070 2,233 67.5% 7.9% 13.9% 23.4%
Samba 174 107 90 -48.5% -16.2% 1.8% 0.9%
Riyad 98 86 82 -15.8% -3.8% 1.0% 0.9%
BSF 1,587 1,172 1,077 -32.1% -8.1% 16.6% 11.3%
SABB 693 616 642 -7.3% 4.3% 7.2% 6.7%
ANB 1,704 1,729 1,720 1.0% -0.5% 17.8% 18.0%
Al Awwal 543 548 554 2.1% 1.2% 5.7% 5.8%
SIB 397 394 341 -14.2% -13.6% 4.1% 3.6%
Alinma 324 418 449 38.5% 7.2% 3.4% 4.7%
AlJazira 441 496 815 84.9% 64.2% 4.6% 8.5%
Albilad 431 241 227 -47.2% -5.6% 4.5% 2.4%
NCB 1,858 1,568 1,314 -29.3% -16.2% 19.4% 13.8%
Total 9,582 9,444 9,544 -0.4% 1.1% 100.0% 100.0%
Source: Company data, Al Rajhi Capital
Disclosures Please refer to the important disclosures at the back of this report. 8