Riyad Bank profit rises 15% to SAR 5.08B in H1 2025; Q2 at SAR 2.6B

Riyad Bank posted a 15% increase in H1 2025 net profit to SAR 5.08 billion, compared to SAR 4.41 billion in the prior-year period.

The bank said the year-on-year (YoY) increase in earnings was mainly due to a 12.6% rise in net special commission income, driven by higher returns from loans and advances, investments, and balances held with banks.

Total operating income also rose YoY, backed by growth in special commission income, trading income, fees and commissions, gains from non-trading investment sales, other operating income, and foreign exchange (FX) gains, partially offset by lower dividend income.

This was partly offset by a YoY rise in total operating expenses, driven by higher impairments on credit losses and other financial assets, depreciation, rent and building costs, other operating expenses, staff-related costs, and general and administrative expenses (G&A), partially mitigated by lower investment impairments.

Expected credit losses and other provisions increased 9.8% YoY, mainly due to higher impairments on other financial assets, offset in part by lower credit loss provisions and reduced investment impairments.

In Q2 2025, Riyad Bank net profit rose by 11.1% to SAR 2.6 billion from SAR 2.33 billion in Q2 2024.

Net special commission income rose in the three-month period by 13.1% YoY, again due to higher income from loans, investments, and bank deposits.

Compared to Q1 2025, net profit increased by 4.4% from SAR 2.48 billion.

Total shareholders’ equity, excluding minority interest and sukuk, reached SAR 60.96 billion by June 30, 2025, compared to SAR 55.78 billion in the year-earlier period.

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