Assets

By the end of 2024, Bank Albilad’s total assets had grown to 154,965 million, up from 143,106 million in 2023, marking an increase of 11,859 million or 8%. This growth in assets primarily resulted from expansions in the bank’s financing and investments.

Liabilities

Deposits climbed to 121,776 million, reflecting an increase of 8,945 million or 8% over the past year.

Total liabilities similarly rose to 138,271 million, up by 10,424 million or 8% compared to the previous year.

Net Financing and Investments

The net financing portfolio saw an increase of 7,224 million or 7%, culminating in 109,304 million as of December 2024. The investment portfolio also expanded, reaching 25,032 million, marking an increase of 2,952 million or 13% over the previous year.

Owners’ Equity

Total equity surged by 1,435 million, or 9%, ending the year at 16,693 million compared to 15,258 million at the end of 2023. This increase is primarily attributed to the bank’s enhanced net income. The number of issued common shares increased to 1,250 million. The capital adequacy ratio stood at 14.55% by year-end 2024. Post-Zakat, the bank’s return on average assets reached 1.88%, while the return on average equity was 17.57%, and earnings per share reached 2.26.