Saudi Arabia · Delayed Price · Currency is SAR The Saudi National Bank Earnings Call Transcripts
Fiscal Year 2026
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Record net income and operating income growth were achieved, supported by strong deposit inflows, prudent risk management, and robust capital ratios. Guidance was updated for moderate financing growth and improved cost of risk, while digital and AI investments continue to drive efficiency and value.
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Q1 2026 saw 7% net income growth, stable NIM, and strong asset and deposit expansion, supported by robust recoveries and disciplined cost management. Guidance for high single-digit financing growth and cost-to-income ratios below 25% remains intact.
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 efficiency were achieved, with 19% year-over-year profit growth and a cost-to-income ratio at a historic low. Financing and deposit growth remain strong, digital adoption is accelerating, and guidance for profitability and efficiency has been upgraded.
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Strong Q2 2025 results featured 9% financing growth, robust fee income, and improved cost efficiency. Guidance was upgraded for cost-to-income and return on equity, while NIM pressure and one-off retail outflows were noted. Capital and liquidity 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 reached SAR 10.3 billion for H1 2024, with strong financing growth and improved asset quality. Guidance for full-year loan growth was upgraded to low double digits, while international operations, especially Turkey, remain a headwind.