Riyad Bank profit up 20% to SAR 2.48B in Q1 2025

Riyad Bank posted a 20% rise in Q1 2025 net profit to SAR 2.48 billion, compared to SAR 2.07 billion in the prior-year period.

Special commission income rose 12% year-on-year (YoY) mainly due to an increase in special commission income from loans and advances.

Total operating income edged higher supported by an increase in net special commission income, fee and net commission income, net trading income, net exchange income, and other operating income. This was partially offset by losses on disposal of net non-trading investments and a decrease on dividend income.

Total operating expenses declined due to a decrease in impairment charge for credit losses and net other financial assets. General and administrative expenses declined, along with higher reversal of net impairment charge for investments.

Meanwhile, the lender noted an increase in salaries and employee-related expenses, rent and premises-related costs, other operating expenses, and depreciation of property, equipment and right of use assets.

Compared to Q4 2024, the bank’s net profit rose 10.1% from SAR 2.25 billion.

Shareholders’ equity, no minority interest and excluding sukuk, increased to SAR 61.13 billion as of March 31, 2025, from SAR 53.51 billion a year earlier.

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