1Q 2022 INVESTOR PRESENTATION
Segmental Performance - Corporate
Strong income growth and lower impairments translate to significant net income growth
مصرف الإنماء
alinma bank
SAR (mn)
1Q 2022 4Q 2021
A%
1Q 2021
A%
Corporate NPL (%)
3.0%
2.5%
Income from investments and financing,
net
492
562
-12%
459
+7%
2.0%
Fees from services & other income
90
39
+130%
46
+98%
1.5%
Total operating income
583
601
-3%
505
+15%
1.0%
Total operating expenses
139
103
+36%
74
+88%
0.5%
Total charges/(reversals) for impairments
270
293
-8%
402
-33%
0.0%
1Q 21
1H 21
9M 21
FY 21
1Q 22
Income for the period before zakat
174
206
-15%
29
+499%
Corporate Deposits (SARbn)
6.3
Corporate Financing (SARbn)
+225%
+8%
23.7
21.4
20.6
94.8
97.1
98.8
102.3
102.1
19.0
1Q 21
QoQ
2Q 21
+200%
3Q 21
4Q 21
1Q 22
1Q 21
2Q 21
3Q 21
4Q 21
1Q 22
+13%
+11%
-13%
QoQ
+2%
+2%
+4%
-0%
1Q 2022 INVESTOR PRESENTATION
2.4%
Management Commentary
☐
Corporate operating income increased by 15% YoY
from both funded and non-funded income.
■This income growth, together with lower
impairments, translated to 6x net income growth.
Corporate deposits declined 13% during 1Q 2022
from funding optimization (note that the 2Q 2021
QoQ increase was mainly from a re-allocation of
accounts from Treasury).
Corporate financing was stable QoQ.
The corporate NPL ratio declined to 2.4%.
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