Saudi Arabia · Delayed Price · Currency is SAR The Saudi National Bank Earnings Call Transcripts
Fiscal Year 2025
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Record net income and strong balance sheet growth were achieved, driven by robust financing, deposit expansion, and cost optimization. Guidance targets high single-digit financing growth, attractive cost-to-income ratios, and continued focus on MSME and digital initiatives.
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Record net income and operating income growth were achieved, with efficiency at historic highs and upgraded guidance for profitability and cost ratios. Strong financing growth, digital adoption, and sustainability initiatives underpin robust performance and positive outlook.
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Delivered strong Q2 2025 results with 18% net income growth, robust lending, and improved cost efficiency. Upgraded guidance for cost-to-income and return on equity, while NIM faces pressure from funding costs. Asset quality and capital remain strong.
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Net income rose 19% year-over-year to SAR 6 billion, with strong growth in assets, financing, and fee income. CASA ratio reached 74.5%, cost of risk remained exceptionally low, and capital adequacy stayed robust. Guidance will be updated mid-year.
Fiscal Year 2024
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Net income grew 2% year-over-year to SAR 10.3 billion for H1 2024, with strong financing and deposit growth, improved cost efficiency, and upgraded loan growth guidance to low double digits. International headwinds, especially in Turkey, impacted expenses, but domestic performance remained robust.