ANB profit rises 5% to SAR 2.8B in H1 2026, 7% to SAR 1.4B in Q2

Arab National Bank (ANB) reported a 5% year-on-year (YoY) increase in net profit to SAR 2.8 billion for H1 2026, from SAR 2.6 billion.

Total special commission income rose 6.86% YoY is mainly due to the 10.35% increase in net loans and advances portfolio and 17.74% gain in net investments.

Further, the bank noted a growth in other operating income, and lower expected credit loss (ECL) provisions, supported by improved credit quality.

Net profit rose 6.5% to SAR 1.4 billion in Q2 2026, from SAR 1.33 billion in Q2 2025.

The bank attributed the YoY increase in quarterly profit mainly to higher total special commission income, driven by growth in net loans and advances and net investments, along with higher gains from financial instruments, investment sales, foreign exchange, other operations, and net special commission income.

The increase was also supported by lower expected credit loss provisions due to improved portfolio credit quality and effective credit and provisioning policies in line with IFRS 9.

These gains were partially offset by higher employee-related, general and administrative, depreciation and amortization, and premises expenses, as well as lower dividend income, net trading income, and net fees and commissions.

On a quarterly basis, net profit rose 4.7% from SAR 1.36 billion in Q1 2026.

The bank attributed the quarter-on-quarter (QoQ) increase in profit mainly to an effective improvement in special commission expense, which helped mitigate the impact of a slight 0.50% decline and resulted in higher net special commission income.

The increase was also supported by higher net gains from financial instruments at fair value through profit or loss, net special commission income, net foreign exchange gains, and net fees and commissions, as well as lower depreciation, amortization, and premises-related expenses.

Shareholders’ equity, excluding minority interest and sukuk, stood at SAR 44.7 billion as of June 30, 2026, compared with SAR 40.2 billion a year earlier.

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