{"id":102685,"date":"2025-11-23T00:00:00","date_gmt":"2025-11-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/23\/saudi-banks-net-income-rises-15-1-y-o-y-in-3q-to-sar-23-6-bn\/"},"modified":"2025-11-23T00:00:00","modified_gmt":"2025-11-23T00:00:00","slug":"saudi-banks-net-income-rises-15-1-y-o-y-in-3q-to-sar-23-6-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/23\/saudi-banks-net-income-rises-15-1-y-o-y-in-3q-to-sar-23-6-bn\/","title":{"rendered":"Saudi Banks\u2019 net income rises 15.1% y-o-y in 3Q to SAR 23.6 bn"},"content":{"rendered":"

Saudi Arabia\u2019s banking sector saw its 3Q net income increase 15.1% y-o-y <\/strong>and <\/strong>2.8% q-o-q, reaching SAR 23.6 bn<\/strong>, according to a recent report (pdf)<\/a> from Al Jazira Capital.<\/p>\n

Inside the quarterly data:<\/strong> Six out of the 10 listed banks exceeded the consensus earnings forecasts, with SNB beating estimates by 12.5% and Riyad Bank by 6.1%. Meanwhile, Arab National Bank posted the largest shortfall, 1.5% below estimates, followed by Alinma, which fell short by 0.8%. <\/p>\n

Net income growth is slowing down:<\/strong> The sector\u2019s net interest margin (NIM) dropped 0.24% y-o-y in 3Q 2025 to stand at 2.88%. Net special commission income fell to 5.7% y-o-y during the quarter, down from 9.4% in 2Q and 11.1% 1Q. Liquidity shortage among banks drove a gap of about 1.36% between the SAR deposit rate and the SOFR interest rate for one-year deposits. The net fee income (NFI) to net interest income (NII) ratio grew by 3.74 percentage points to 34% in 3Q.<\/p>\n

Loan growth in the Kingdom\u2019s banking sector rose 14.4% y-o-y to SAR 2.9 tn during the <\/strong>quarter<\/strong>, outpacing a 7.8% y-o-y increase in deposits. This expansion propelled the loan-to-deposit ratio (LDR) to hit 106.8%, up by 4.75 percentage points y-o-y. Riyad Bank and Alrajhi were at the forefront of the lending spike, while BSF and SNB saw lower lending growth rates.<\/p>\n

On the positive front: <\/strong>The non-performing loan ratio (NPL) went down by 20 bps y-o-y to 1.12% in 3Q 2025, with a healthy coverage level of 130.2%. Cost of risk (CoR) declined by 10 bps y-o-y to 24 bps during the quarter. Meanwhile, the cost-to-income ratio fell by 241 bps y-o-y to 28.6%, with operating income growing 8.8% y-o-y and operating expenses edging up 0.3% y-o-y.<\/p>\n","protected":false},"excerpt":{"rendered":"

Six out of the 10 listed banks exceeded the consensus earnings estimates<\/p>\n","protected":false},"author":1,"featured_media":102686,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2617],"tags":[19,1001,27,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-banking","tag-banks","tag-economy","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"c7938304-a010-4789-8da9-06a64a6515f4","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/11\/1709.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Banks\u2019 net income rises 15.1% y-o-y in 3Q to SAR 23.6 bn","related_issue":[102672],"teaser":"Six out of the 10 listed banks exceeded the consensus earnings estimates","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.9436ed9e-4983-4234-ba4e-f681f5e40210.mp3"},"yoast_head":"\nSaudi Banks\u2019 net income rises 15.1% y-o-y in 3Q to SAR 23.6 bn - 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