Saudi banks’ profits rise 17% to SAR 68.87B in 9M 2025; Q3 at SAR 23.62B

Saudi banks recorded a 17% growth in their aggregate profits, reaching SAR 68.87 billion by the end of the first nine months of 2025, compared to SAR 58.7 billion during the same period last year.

This increase was supported by a decline in credit loss provisions, along with improved income from both financing and non-financing sources.

In addition, total financing provisions dropped by about 13% year-on-year (YoY), after Bank Albilad cut its provisions by 28%. Meanwhile, Saudi National Bank (SNB) reported provisions of SAR 93 million in 9M 2025, dropping 91% YoY compared to SAR 1 billion.

Non-financing income rose by 21%, boosted by higher banking service fees and foreign exchange transactions. Additionally, net commission income increased by around 8% YoY, supported by an improved loan portfolio.

The sector saw a collective increase in profits during 9M2025, compared to the year-earlier period, led by Al Rajhi Bank with better-than-expected profits of SAR 18.4 billion, up 30%.

Al Rajhi Bank’s share of total sector profits rose to about 27%, compared with 24% in the same period last year. This performance was driven by strong growth in both financing and non-financing income, as total income from financing and investments increased 20% YoY, supported by a 16% YoY expansion in the lending portfolio and an 8% YoY rise in investments. The bank also reported an 8% YoY increase in credit provisions, impacted by loan portfolio growth.

Saudi National Bank (SNB) achieved higher profits in 9M 2025, resulting from lower provisions that recorded SAR 93 million, compared to SAR 1 billion in 9M 2024. This was in addition to a 6% higher income from financing and investments, which was supported by a 13% increase in the investment portfolio.

Meanwhile, Bank AlJazira and Banque Saudi Fransi (BSF) continued to post solid profit growth of 20% YoY and 19% YoY, respectively, in 9M 2025.

Bank AlJazira’s higher profits were supported by growth in income from financing and investments, driven by a 16% YoY expansion in the loan portfolio, despite a 39% YoY rise in provisions. Profit growth at BSF was fueled by a 16% YoY increase in non-financing income and a 9% YoY drop in provisions, leading to a 12% YoY rise in operating income.