Saudi Banks’ net income rises 15.1% y-o-y in 3Q to SAR 23.6 bn
Six out of the 10 listed banks exceeded the consensus earnings estimates
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Six out of the 10 listed banks exceeded the consensus earnings estimates
Banks’ bottomline growth was 3% higher than expectations
The performance was primarily led by key players, notably Al Rajhi Bank and SNB
This growth was evident across all credit terms, with long-term credit expanding by 20% y-o-y
Aggregate net income of Saudi top 10 listed banks rose 6.3% q-o-q in 1Q 2025 to SAR 22.2 bn
The sector’s top line hit a new record high of USD 34.6 bn during the quarter
Deposits are set to remain primary source of funding for Islamic banks, according to the report
Outstanding credit facilities in Saudi saw the fastest q-o-q growth in six quarters to SAR 2.7 tn
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