alBaraka Bank Egypt S.A.E. (EGX:SAUD)

EGX:SAUD Income Statement

Financials in millions EGP. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	18,904	12,279	8,350	7,206	7,576
Interest Income on Investments	23.87	40.55	20.99	6.26	3.39
Total Interest Income	18,928	12,320	8,371	7,212	7,580
Interest Paid on Deposits	12,913	7,905	4,908	4,444	5,110
Net Interest Income	6,015	4,415	3,463	2,768	2,469
Net Interest Income Growth (YoY)	36.23%	27.52%	25.10%	12.08%	29.67%
Income From Trading Activities	165.76	72.12	104.95	63.98	73.7
Gain (Loss) on Sale of Assets	30.03	33.67	1.61	1.13	-
Gain (Loss) on Sale of Investments	-	-	-	0.68	2.35
Other Non-Interest Income	861.23	411.8	268.83	271.55	196.87
Total Non-Interest Income	1,057	517.59	375.39	337.33	272.92
Non-Interest Income Growth (YoY)	104.22%	37.88%	11.28%	23.60%	-25.62%
Revenues Before Loan Losses	7,072	4,933	3,838	3,105	2,742
Provision for Loan Losses	608.8	235.3	341.01	554.79	371.59
Revenue	6,463	4,698	3,497	2,550	2,371
Revenue Growth (YoY)	37.59%	34.34%	37.12%	7.57%	17.12%
Salaries and Employee Benefits	-	-	-	363.97	286.62
Occupancy Expenses	-	-	-	94.1	-
Selling, General & Administrative	1,803	1,231	900	339	376.77
Other Non-Interest Expense	364.27	74.09	-64.7	9.89	-320.63
Total Non-Interest Expense	2,167	1,305	835.3	806.96	342.76
EBT Excluding Unusual Items	4,297	3,393	2,662	1,743	2,028
Legal Settlements	-5.6	-	-11.98	-	-10.43
Pretax Income	4,291	3,393	2,650	1,743	2,018
Income Tax Expense	1,285	1,175	900.58	617.43	761.38
Earnings From Continuing Operations	3,006	2,218	1,749	1,126	1,256
Minority Interest in Earnings	-0.01	0.14	-0.03	-0.12	-0.17
Net Income	3,006	2,218	1,749	1,126	1,256
Preferred Dividends & Other Adjustments	419.8	326.91	223.68	130.55	172.55
Net Income to Common	2,586	1,891	1,525	995.24	1,084
Net Income Growth	35.51%	26.81%	55.36%	-10.37%	17.75%
Basic Shares Outstanding	727	727	727	727	727
Diluted Shares Outstanding	727	727	727	727	727
EPS (Basic)	3.56	2.60	2.10	1.37	1.49
EPS (Diluted)	3.56	2.60	2.10	1.37	1.49
EPS Growth	36.74%	23.97%	53.27%	-8.15%	19.35%
Effective Tax Rate	29.96%	34.63%	33.99%	35.42%	37.74%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.