BSF H1 2025 profit leaps 20% to SAR 2.74B; Q2 at SAR 1.40B

Banque Saudi Fransi (BSF) posted a net profit of SAR 2.74 billion in the first six months of 2025, leaping 20% from SAR 2.28 billion in H1 2024.

Gross special commission income increased by 6.6% year-on-year (YoY), mainly due to higher returns from financing and investments, while net special commission income rose by 11.8% YoY.

Total operating income grew by 13.8% YoY, driven by higher net special commission income, exchange income, gains on non-trading investments, other operating income as well as net fee and commission income.

Net impairment charges for financing and other financial assets decreased by 6.4% YoY, mainly due to lower impairment charge for expected credit losses on loans and advances.

However, annual general operating expenses rose by 5.8%, driven by an increase in other operating, general, and administrative expenses, depreciation and amortization, as well as salaries and employee-related expenses. However, this was partially offset by lower impairment charges for expected credit losses on loans and advances.

In Q2 2025, net earnings grew by 24% to SAR 1.40 billion, compared with SAR 1.29 billion a year earlier, driven by a 3.7% YoY rise in gross special commission income and a 14.3% growth in gross operating income.

The lender's Q2 2025 bottom line rose by 4.9% from SAR 1.33 billion in Q1 2025.

Total shareholders’ equity, excluding minority interest and after sukuk, reached SAR 40.91 billion as of June 30, 2025, from SAR 37.09 billion a year earlier.

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