Banque Saudi Fransi (BSF) reported a net profit of SAR 4.22 billion for 2023, an increase of 18% from SAR 3.57 billion in the year before.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Net Special Commission Income | 6,426.55 | 7,835.20 | 21.9 % |
| Operating Income | 8,017.28 | 9,323.99 | 16.3 % |
| Total Provisions | (1363.94) | (1668.82) | (22.4 %) |
| Net Income | 3,575.13 | 4,222.73 | 18.1 % |
| Average Shares | 1,205.36 | 1,205.36 | - |
| EPS (Riyals) | 2.97 | 3.50 | 18.1 % |
| EPS Diluted (Riyals) | 2.79 | 3.33 | 19.4 % |
Net special commission income rose by 21.9% year-on-year (YoY). This was mainly driven by higher returns from financing and investments, partially offset by an increase in special commission expenses.
Net income grew due to a 16.30% YoY rise in gross operating income, which was partially offset by a 15.02% YoY hike in total operating expenses.
BSF reported an 8% decline in Q4 2023 net profit to SAR 827 million, from SAR 903 million a year earlier.
Net profit also dropped 33.6% quarter-on-quarter from SAR 1.24 billion in Q3 2023.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Net Special Commission Income | 1,778.56 | 1,867.74 | 5.0 % |
| Operating Income | 2,242.83 | 2,190.94 | (2.3 %) |
| Debt Provisions | (474.73) | (405.97) | 14.5 % |
| Net Income | 902.68 | 827.48 | (8.3 %) |
| Average Shares | 1,205.36 | 1,205.36 | - |
| EPS (Riyals) | 0.75 | 0.69 | (8.3 %) |
| EPS Diluted (Riyal) | 0.71 | 0.64 | (9.9 %) |
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | 232.08 | 253.38 | 9.2 % |
| Customer Deposits | 157.59 | 172.21 | 9.3 % |
| Loan | 159.01 | 179.39 | 12.8 % |
Shareholders’ equity, excluding minority interest and after deducting sukuk, rose to SAR 36.12 billion as of Dec. 31, 2023, from SAR 33.74 billion a year earlier.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}