Saudi Arabia · Delayed Price · Currency is SAR Alinma Bank Earnings Call Transcripts
Fiscal Year 2026
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Financing and assets grew strongly in Q1, with net income up 11% year-on-year and a significant one-off recovery lowering cost of risk. Strategic initiatives in digital and AI are progressing, and guidance for asset growth, ROE, and cost-to-income remains unchanged for 2026.
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Strong financial and digital transformation over the past five years set the stage for an ambitious 2030 strategy focused on AI-driven innovation, customer centricity, and profitability. The plan targets ROE above 22%, cost-to-income improvement, and continued expansion into new business areas, with robust capital management and a focus on underserved segments.
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Financing and deposits grew 12% and 11% year-to-date, with net income up 9% year-on-year. NIM compressed due to higher funding costs, but guidance for margins and ROE remains unchanged. Digital initiatives and new Sukuk issuances supported growth, while capital and coverage ratios remain healthy.
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Net income rose 15% year-on-year, driven by 8% growth in operating income and strong deposit inflows. NIM guidance was revised downward due to funding cost pressures, while loan growth and asset quality remain robust. CET1 stands at 13.2% and coverage ratios improved.