Financial Results : Bank Albilad’s Q1 earnings up 9% to SAR 700.4M

Bank Albilad’s Q1 earnings up 9% to SAR 700.4M

27/04/2025 Argaam Exclusive

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Bank Albilad reported a net profit of SAR 700.4 million in Q1 2025, up 9% from SAR 643.1 million in the prior year period.

 


Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Net Income from investments and financial activities 1,044.73 1,162.00 11.2 %
Operating Income 1,341.35 1,463.85 9.1 %
Debt Provisions (51.55) (52.89) (2.6 %)
Net Income 643.05 700.38 8.9 %
Average Shares 1,500.00 1,500.00 -
Earnings Per Share before unusual items (Riyals) 0.43 0.47 8.9 %
EPS (Riyals) 0.43 0.47 8.9 %
EPS Diluted (Riyal) 0.43 0.47 9.3 %

Net income from investment and financing assets leapt 11% year-on-year (YoY), while revenue from foreign exchange gains led up along with higher net fee and commission income.

 

On quarterly basis, the bank’s profit declined 11.3% from SAR 789.95 million, pressured by a 192% increase in net credit loss provisions due to higher net provisions for credit losses on financing.

Balance Sheet (B)

Item 3m 2024 3m 2025 Change‬
Assets 143.70 159.10 10.7 %
Customer Deposits 113.74 124.02 9.0 %
Financing Investments 103.31 112.43 8.8 %
Total shareholders’ equity, excluding minority interest, stood at SAR 17.59 billion by March 31, 2025, compared to SAR 15.70 billion in the year earlier period

 

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