Earnings Report /
Saudi Arabia

Bank AlJazira: Earnings growth driven by lower provisions

  • Revenues increased by 4.3% yoy (+10.2% qoq) to SAR986mn

  • Operating expenses (ex-provisioning) increased 10.9% yoy (+2.7% qoq) to SAR478mn

  • BJAZ’s recorded provisions of SAR94mn (-38.5% yoy; -39.5 qoq) vs our estimate of SAR150mn

SNB Capital
26 April 2022
Published bySNB Capital


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