Saudi Arabia · Delayed Price · Currency is SAR The Saudi National Bank Earnings Call Transcripts
Fiscal Year 2026
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Record H1 net income rose 7% year-over-year to SAR 13 billion, with strong operating income, robust asset growth, and disciplined cost management. Guidance revised for mid-single-digit financing growth and lower cost of risk, while capital and liquidity remain strong.
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Q1 2026 saw 7% net income growth and stable NIM, with strong asset and deposit growth. MSME and retail segments drove expansion, while cost efficiency and capital strength were maintained. Guidance for high single-digit financing growth and stable margins remains, despite sector-wide slowdowns.
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.