1Q 2021 Results Presentation - Bank of the Future
Banking Sector Highlights
Growth in mortgage lending continues to drive up credit growth
مصرف الراجحي
Al Rajhi Bank
Recent Developments
SRC reduced mortgage reference rate, starting from 1st of April.
■ REDF reduced the tenor of mortgages eligible for subsidies to a
maximum of 20 years from 25 years previously.
MSME deferral program extended the tenor of the facilities for eligible
clients, which may impact modification losses.
LDR (%) & Bank Loans and Deposits (SARmn)
80.1%
77.4%
77.1%
75.0%
75.9%
1,943
1796
1,633
1,674
1,783
1,837,9
1,957
1,552
1,443
1,405
Retail Mortgage (SARbn)
59.1%
41.4%
9.9%
15.3%
2017
2018
8
2019
2020
Total Deposits
Feb-21
- LDR
I Loans to Private & Puplic sectors
Source: SAMA
POS/ATM & E-Commerce (SARbn)
981
1,039
1,025
929
10
39
200
232
288
357
174
729
748
741
629
68
9
121
140
198
315
97
2017
2018
Retail mortgage loans (SARbn)
Source: SAMA
Al Rajhi Bank
2019
2020
--YoY Growth (%)
1Q 2021 Results Presentation
7
2017
2018
2019
2020
Feb-21 YTD
I ATM Withdrawals
■POS spending
E-Commerce spending *
Source: SAMA
*E-Commerce started in 2019
Bank Of The FutureView entire presentation