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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
Saudi Banks Sector Banks –Finance 6 April 2017 Figure 30 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) Alawwal 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 31 Net income Market share Bank Q4 2015 Q3 2016 Q4 2016 y-o-y q-o-q Q4 2015 Q4 2016 Al Rajhi 1,941 2,009 2,047 5.5% 1.9% 19.6% 25.3% Samba 1,232 1,341 1,090 -11.6% -18.8% 12.4% 13.5% Riyad 851 729 293 -65.5% -59.8% 8.6% 3.6% BSF 950 1,010 374 -60.6% -63.0% 9.6% 4.6% SABB 939 995 606 -35.5% -39.1% 9.5% 7.5% ANB 586 722 562 -4.1% -22.2% 5.9% 7.0% Al Awwal 451 263 (249) -155.2% -194.9% 4.6% -3.1% SIB 72 219 302 321.1% 37.7% 0.7% 3.7% Alinma 391 312 390 -0.2% 25.2% 3.9% 4.8% AlJazira 155 161 152 -1.9% -5.1% 1.6% 1.9% Albilad 217 228 223 2.5% -2.2% 2.2% 2.8% NCB 2,127 1,962 2,287 7.5% 16.6% 21.5% 28.3% Total 9,912 9,951 8,077 -18.5% -18.8% 100.0% 100.0% Source: Company data, Al Rajhi Capital Figure 32 Net loans (SAR bn) Market share Bank Q4 2015 Q3 2016 Q4 2016 y-o-y q-o-q Q4 2015 Q4 2016 Al Rajhi 210.2 225.9 225.0 7.0% -0.4% 15.3% 16.1% Samba 130.0 129.8 125.2 -3.7% -3.5% 9.4% 9.0% Riyad 145.1 152.6 142.9 -1.5% -6.4% 10.5% 10.2% BSF 123.8 133.9 129.5 4.6% -3.3% 9.0% 9.3% SABB 125.9 125.9 121.0 -4.0% -3.9% 9.1% 8.7% ANB 115.7 115.6 115.5 -0.1% -0.1% 8.4% 8.3% Al Awwal 76.4 77.3 72.7 -4.8% -5.9% 5.5% 5.2% SIB 60.3 61.3 60.2 0.0% -1.7% 4.4% 4.3% Alinma 57.0 69.3 70.3 23.3% 1.5% 4.1% 5.0% AlJazira 42.2 43.2 42.1 -0.2% -2.5% 3.1% 3.0% Albilad 34.3 36.2 36.2 5.6% -0.2% 2.5% 2.6% NCB 256.6 259.9 257.5 0.3% -0.9% 18.6% 18.4% Total 1,377.4 1,430.9 1,398.2 1.5% -2.3% 100% 100% Source: Company data, Al Rajhi Capital Figure 33 Interest earning assets (SAR bn) Market share Bank Q4 2015 Q3 2016 Q4 2016 y-o-y q-o-q Q4 2015 Q4 2016 Al Rajhi 277.0 276.5 285.6 3.1% 3.3% 14.1% 14.9% Samba 214.4 195.3 186.2 -13.1% -4.6% 10.9% 9.7% Riyad 199.1 203.2 192.6 -3.2% -5.2% 10.1% 10.1% BSF 168.5 182.0 178.9 6.2% -1.7% 8.6% 9.4% SABB 172.9 165.7 158.5 -8.4% -4.4% 8.8% 8.3% ANB 154.5 148.9 145.1 -6.1% -2.6% 7.9% 7.6% Al Awwal 98.4 98.9 95.0 -3.4% -3.9% 5.0% 5.0% SIB 85.7 85.5 84.0 -1.9% -1.7% 4.4% 4.4% Alinma 80.6 92.7 94.1 16.8% 1.5% 4.1% 4.9% AlJazira 58.3 60.7 59.9 2.7% -1.4% 3.0% 3.1% Albilad 45.6 48.3 47.2 3.6% -2.3% 2.3% 2.5% NCB 407.9 390.2 384.3 -5.8% -1.5% 20.8% 20.1% Total 1,962.9 1,947.7 1,911.4 -2.6% -1.9% 100% 100% Source: Company data, Al Rajhi Capital Figure 34 Provisions Market share Banks Q4 2015 Q3 2016 Q4 2016 y-o-y q-o-q Q4 2015 Q4 2016 Al Rajhi 950 571 508 -46.5% -11.0% 39.1% 12.3% Samba 33 62 55 65.3% -11.9% 1.4% 1.3% Riyad 241 385 761 215.2% 97.6% 9.9% 18.4% BSF 51 54 636 1158.2% 1069.0% 2.1% 15.4% SABB 113 190 557 392.4% 193.8% 4.7% 13.5% ANB 216 241 192 -10.9% -20.3% 8.9% 4.6% Al Awwal 123 340 745 507.3% 119.3% 5.1% 18.0% SIB 169 195 40 -76.3% -79.5% 7.0% 1.0% Alinma 38 150 121 222.6% -19.4% 1.5% 2.9% AlJazira (12) 29 38 NM 33.4% -0.5% 0.9% Albilad 8 51 44 470.3% -13.1% 0.3% 1.1% NCB 499 956 439 -12.0% -54.1% 20.6% 10.6% Total 2,428 3,224 4,137 70.4% 28.3% 100.0% 100.0% Source: Company data, Al Rajhi Capital Figure 35 Asset yield Change (bps) Bank Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 y-o-y q-o-q Al Rajhi 3.7% 3.8% 4.1% 4.4% 4.4% 71.9 1.2 Samba 2.6% 2.8% 3.1% 3.6% 3.8% 117.0 21.5 Riyad 3.3% 3.3% 3.5% 3.7% 3.9% 67.8 24.5 BSF 3.0% 3.2% 3.3% 3.5% 3.5% 49.6 6.0 SABB 2.8% 3.2% 3.5% 3.8% 3.9% 109.3 18.1 ANB 3.0% 3.4% 3.9% 4.0% 4.2% 118.1 19.4 Al Awwal 3.3% 3.6% 3.9% 4.4% 4.6% 132.6 21.9 SIB 3.1% 3.3% 3.5% 4.0% 4.0% 90.9 2.9 Alinma 3.4% 3.5% 3.7% 4.0% 4.2% 82.8 29.1 AlJazira 4.9% 3.5% 3.8% 4.0% 6.2% 138.3 219.2 Albilad 3.1% 3.3% 3.5% 3.8% 4.0% 93.1 14.1 NCB 4.1% 4.1% 4.2% 4.4% 4.9% 86.4 54.1 Market 3.4% 3.5% 3.7% 4.0% 4.3% 90.9 29.2 Source: Company data, Al Rajhi Capital Disclosures Please refer to the important disclosures at the back of this report. 9
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