RIYAD BANK-

Riyad Bank saw its net income rise 19.9% y-o-y to SAR 2.5 bn in 1Q 2025, driven by a 10% y-o-y increase in total operating income combined with lower total operating expenses, it said in a disclosure to Tadawul. The results beat analyst expectations, which saw the bank's net income reaching SAR 2.3 bn during the quarter.

MEANWHILE- Riyad Bank’s total income from financing grew 11.8% y-o-y to SAR 5.66 bn in 1Q 2025, while total income from investments increased 13.8% y-o-y to SAR 694.2 mn.

On a quarterly basis, Riyad Bank’s net income was up 10.1% q-o-q, its total income from financing dipped 2.8%, and its total income from investments inched up 0.5%.

REMEMBER- In February, Riyad Bank fully redeemed its USD 1.5 bn Tier 2 fixed-rate bonds, five years ahead of their maturity. It also closed a SAR 2 bn additional tier 1 (AT1) capital sukuk offering under its SAR 10 bn AT1 sukuk program in January.

BANQUE SAUDI FRANSI-

Banque Saudi Fransi (BSF) saw its net income increase 16.4% y-o-y to SAR 1.34 bn in 1Q 2025, according to a disclosure to Tadawul. Total income from financing rose 7.9% y-o-y to SAR 3.6 bn, while total income from investments increased 21.3% y-o-y to SAR 643 mn.

On a quarterly basis, the bank’s net income rose 19.8%, compared to SAR 1.1 bn in 4Q 2024. Meanwhile, total income from financing inched up 0.6% q-o-q, while income from investments rose 2.6%.

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