| The reason of the increase (decrease) in the special commission income during the current year compared to the last year is | The increase in total special commission income by 5.55% is mainly due to the increase in net loans and advances portfolio by 15.22% and increase in net investments portfolio by 13.34%. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net income recorded a growth compared to the prior year. That is primarily due to the increase in net special commission income, net fee and commission income, dividend income, net gains/ (losses) on FVSI financial instruments, net exchange income and net trading income. Whereas this was supported by reduction in impairment charges on other real estate owned, other general and administrative expenses and premises related expenses. However, this growth was partially offset by the increase in the costs related to salaries and employee related expenses, net allowance charges for ECL and other provisions and depreciation and amortisation. That is along with the reduction in net gains/ (losses) on non-trading instruments and net other operating income. |
| The reason of the increase (decrease) in the total net provision of expected credit losses and other losses (reversing entry) during the current year compared to the last year is | The ECL charge during the year, has increased, that is mainly due to portfolio growth and consistent with the macroeconomic assumptions, in line with the IFRS 9 model. This reflects a forward-looking approach, supporting the Bank’s overall financial stability. Considering the decrease in the impairment charges on other real estate owned. This is resulted in an overall decline in the net provisions for expected credit and other losses. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | "Other mater: The consolidated financial statements for the year ended December 31, 2024 were jointly audited by another joint auditor who expressed an unmodified audit opinion on those statements on February 13, 2025 (corresponding to Sha’ban 14, 1446H)." |
| Reclassification of Comparison Items | Certain prior year figures have been reclassified/ restated to conform with current year presentation, as per the annual consolidated financial statements. |
| Additional Information | Basic and diluted earnings per share for the years ending on December 31, 2025 and 2024 is calculated by dividing net income for the year attributable to equity holders, adjusted for Tier 1 Sukuk costs, by the weighted average number of outstanding shares as of December 31, 2025: 1,992.2 million shares (December 31, 2024: 1,999.7 million shares) after accounting for treasury shares. |
