All UAE Saudi Egypt
Reset All
Showing 9 of 9
  • Saudi Flag
    FIRST LOOK NOTES
    28 Feb 2025
    Bank Albilad
    HOLD
    SAR 37.90
    SAR 38.00
    +0.26%

    Saudi Equity Research - Bank Albilad (ALBI) 4Q24 - First Look Note

    NIMs grew 11 bps YOY but fell 14 bps QOQ to 3.0% in 4Q24. The Bank’s cost-to-income ratio improved 162 bps YOY to 44.3% in 4Q24. ALBI recorded an impairment reversal of SAR 58 Mn in 4Q24 compared to an impairment charge of SAR 47 Mn in 4Q23.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    31 Oct 2024
    Bank Albilad
    HOLD
    SAR 36.65
    SAR 37.00
    +0.95%

    Saudi Equity Research - Bank Albilad (ALBI) 3Q24 - First Look Note

    ALBI’s net advances grew 5.0% YOY and 2.3% QOQ to SAR 106.7 Bn in 3Q24. Customer deposits grew 12.3% YOY and 6.8% QOQ to SAR 122.3 Bn in 3Q24. Loan-to-deposit ratio declined from 91.1% in 2Q24 to 87.2% in 3Q24. Cost to income improved 102 bps YOY, however increased 109 bps QOQ to 42.1% in 3Q24, primarily due to a decline in D&A and G&A expenses.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    11 Oct 2024
    Bank Albilad
    REDUCE
    SAR 37.10
    SAR 34.00
    -8.36%

    Higher operating income and improved cost efficiency boosted profitability

    ALBI’s net advances grew 5.5% YOY and 1.0% QOQ to SAR 104.3Bn in 2Q24, owing to marginal growth in commercial financing while healthy growth in retail loans.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    09 May 2024
    Bank Albilad
    HOLD
    SAR 35.35
    SAR 34.00
    -3.82%

    Lower operating expenses and improved loan quality boosted the bottom-line

    Albilad Bank’s (“ALBI”, “The Bank”) net profit grew 14.9% YOY to SAR 643 Mn in 1Q24, higher than our estimate of SAR 609 Mn.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    06 Mar 2024
    Bank Albilad
    REDUCE
    SAR 49.55
    SAR 44.00
    -11.20%

    Lower impairments and increased in lending supported profit

    Albilad Bank’s (“ALBI”, “The Bank”) net profit grew 12.5% YOY to SAR 607 Mn in 4Q23, lower than our estimate of SAR 638 Mn.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    30 Oct 2023
    Bank Albilad
    BUY
    SAR 36.60
    SAR 43.00
    +17.49%

    Lower opex and provisions boosted profit

    Albilad Bank’s (“ALBI”, “The Bank”) net profit grew 14.0% YOY to SAR 616 Mn in 3Q23, higher than our estimate of SAR 589 Mn. The increase in the net profit is mainly attributable to the increase in net funded income coupled with a decline in impairments and operating expenses
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    07 Aug 2023
    Bank Albilad
    HOLD
    SAR 41.45
    SAR 43.00
    +3.74%

    Strong asset quality and higher interest income supported profitability

    Albilad Bank (“ALBI”, “The Bank”) recorded a 14.7% YOY increase in net profit to SAR 586 Mn in 2Q23, slightly higher than our estimate of SAR 566 Mn.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    04 May 2023
    Bank Albilad
    HOLD
    SAR 40.20
    SAR 43.00
    +6.97%

    Strong advances and investments growth boosted bottom line

    Bank Albilad’s (ALBI/the Bank) net profit rose 14.2% YOY to SAR 560 Mn in 1Q23, in line with our estimate of SAR 552 Mn.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    28 Jul 2022
    Bank Albilad
    REDUCE
    SAR 49.65
    SAR 45.00
    -9.37%

    Robust advances growth and lower provision boosted profitability

    Bank Albilad’s (ALBI/the Bank) net profit rose 22.8% YOY to SAR 511 Mn in 2Q22, marginally exceeding our estimate of SAR 500 Mn.
    Download

Filter by

Advance Search

Search Company

List of companies
Search result
Commercial International Bank (COMI) Telecom Egypt