Saudi Arabia · Delayed Price · Currency is SAR Banque Saudi Fransi Earnings Call Transcripts
Fiscal Year 2026
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H1 2026 saw 5% year-on-year growth in net income and operating income, with robust lending and deposit growth, stable asset quality, and strong capital ratios. Strategy 2030 execution is progressing, and full-year guidance is reaffirmed, with improved cost of risk and expectations for stronger fee income in H2.
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Q1 2026 saw 3% net income growth, strong loan and deposit expansion, and resilient asset quality. Guidance for 2026 is reaffirmed, with robust capital and liquidity metrics and ongoing digital and AI transformation initiatives supporting long-term targets.
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Strategy 2030 targets over 15% ROE and SAR 10 billion net income by 2030, driven by Retail, Treasury, and BSF Capital, with a focus on digital transformation, cross-selling, and operational efficiency. Key enablers include AI, risk management, and capital optimization.
Fiscal Year 2025
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Net income rose 18% year-on-year to SAR 5.35 billion, driven by strong consumer lending, stable margins, and improved cost efficiency. High single-digit loan growth and a stable NIM are expected for 2026, with a focus on non-interest income and disciplined capital management.
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Net income rose 19% year-over-year, driven by strong loan and investment growth, improved efficiency, and lower impairments. Guidance was revised for lower loan growth and net interest margin due to funding cost pressures, while capital and liquidity remain robust.
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First half 2025 saw 20% net income growth, margin expansion, and strong capital ratios, despite a 7% deposit decline. Loan growth guidance was revised down, but profitability and digital transformation remain on track. Dividend payout and capital strength are maintained.
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Q1 2025 saw 16% net income growth year-over-year, driven by balanced loan expansion, strong non-interest income, and improved asset quality. Strategic execution and digital transformation advanced, while capital and liquidity ratios remained robust.
Fiscal Year 2024
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Net income rose 8% year-over-year to SAR 4.54 billion, with strong loan and investment growth, resilient asset quality, and robust capital ratios. 2025 guidance targets low teens loan growth, NIM of 305–315 bps, and improved cost efficiency, supported by ongoing digital transformation and strategic initiatives.
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Q3 2024 saw strong loan and deposit growth, improved credit quality, and resilient profitability despite margin and cost pressures. Strategic execution and technology upgrades advanced, with robust capital and liquidity maintained. Guidance remains positive for loan growth and stable risk metrics.
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Strong H1 2024 results with 16% loan and 22% deposit growth, net income up 6% year-over-year, and robust asset quality. Margin compression from higher funding costs led to revised NIM guidance, while loan growth outlook was raised to mid-teens. Strategic execution and digital transformation remain key priorities.