Al Rajhi Bank (SAU:1120) Allowance For Loans And Lease Losses : ﷼-8,291 Mil (As of Mar. 2024)

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What is Al Rajhi Bank Allowance For Loans And Lease Losses?

Al Rajhi Bank's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was ﷼-8,291 Mil.

Al Rajhi Bank's quarterly Allowance For Loans And Lease Losses declined from Sep. 2023 (﷼-8,613 Mil) to Dec. 2023 (﷼-8,726 Mil) but then increased from Dec. 2023 (﷼-8,726 Mil) to Mar. 2024 (﷼-8,291 Mil).

Al Rajhi Bank's annual Allowance For Loans And Lease Losses increased from Dec. 2021 (﷼-9,198 Mil) to Dec. 2022 (﷼-8,529 Mil) but then declined from Dec. 2022 (﷼-8,529 Mil) to Dec. 2023 (﷼-8,726 Mil).

Al Rajhi Bank Allowance For Loans And Lease Losses Historical Data

The historical data trend for Al Rajhi Bank's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Al Rajhi Bank Allowance For Loans And Lease Losses Chart

Al Rajhi Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-7,019.60

-7,471.36

-9,198.15

-8,528.88

-8,725.94

Al Rajhi Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-8,082.39	-8,041.12	-8,612.52	-8,725.94	-8,291.12

Al Rajhi Bank Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Al Rajhi Bank Allowance For Loans And Lease Losses Related Terms

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Al Rajhi Bank (SAU:1120) Business Description

Industry

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Traded in Other Exchanges

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Address

8467 King Fahd Road, Unit No. 1, Al Muruj District, Riyadh, SAU, 12263 - 2743

Website

https://www.alrajhibank.com.sa

Al Rajhi Bank is an Islamic bank with a network of over 500 branches. Its segments include the Retail segment which includes accepting individual customer deposits, providing credit facilities, customer debit current accounts, fees from banking services, and remittance business; Corporate segment that incorporates deposits of VIP, corporate customer deposits, credit facilities, and debit current accounts, Treasury segment through which it offers treasury services, Murabaha with SAMA and international Mutajara portfolio; and Investment services and brokerage that incorporates investments of individuals and corporate in mutual funds, local and international share trading services and investment portfolios.

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