Arab National Bank Reports SAR 1.36B Net Profit in Three Months 2026
ANB 1080.SA | 0.00 |
On 2026-04-21 07:57:09 (Saudi Time), Arab National Bank announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 3,116 | 2,914 | 6.932 | 3,153 | -1.173 |
| Total Income From Special Commission of Investment | 867 | 640 | 35.468 | 723 | 19.917 |
| Net Income From Special Commission of Financing | 1,532 | 1,518 | 0.922 | 1,445 | 6.02 |
| Net Income From Special Commission of Investment | 580 | 436 | 33.027 | 545 | 6.422 |
| Total Operations Profit (Loss) | 2,589 | 2,512 | 3.065 | 2,419 | 7.027 |
| Net Profit (Loss) before Zakat and Income Tax | 1,600 | 1,526 | 4.849 | 1,350 | 18.518 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,359 | 1,304 | 4.217 | 1,147 | 18.482 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,092 | 1,536 | -28.906 | 1,261 | -13.402 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 862 | 786 | 9.669 | 924 | -6.709 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 135 | 205 | -34.146 | 152 | -11.184 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 284,891 | 265,270 | 7.396 |
| Investments | 61,637 | 52,931 | 16.447 |
| Loans And Advances Portfolio (Financing And Investment) | 198,639 | 179,057 | 10.936 |
| Clients' deposits | 208,021 | 195,619 | 6.339 |
| Total Shareholders Equity (after Deducting Minority Equity) | 49,255 | 42,378 | 16.227 |
| Profit (Loss) per Share | 0.6 | 0.65 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Net profit attributable to shareholders increased 4.217% YoY to SAR 1.36 billion, primarily driven by higher net special commission income from a 10.94% growth in the loans and advances portfolio and 16.45% increase in the investments portfolio. The growth was further supported by increased dividend income, net trading income, and a 34.146% reduction in expected credit loss provisions due to improving portfolio credit quality. However, the positive impact was partially offset by higher operating expenses including salaries, administrative costs, and reduced gains on financial instruments.
Quarter-on-Quarter Performance Drivers
QoQ net profit attributable to shareholders increased 18.482% to SAR 1,359 million, driven primarily by higher net special commission income, increased net fee and commission income, dividend income, and reduced salary expenses and ECL provisions. The growth was partially offset by higher general administrative expenses and reduced gains on FVSI financial instruments. Total operations profit rose 7.027% QoQ supported by improved portfolio credit quality and lower provision charges.
Other Items
The auditors issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. No material risks regarding continuing operations or debt covenant breaches were identified. The bank reported total assets of SAR 284,891 million with total shareholders' equity of SAR 49,255 million, representing a healthy capital position. No accumulated losses were reported as the bank maintained profitability with earnings per share of SAR 0.6 for the current quarter. The bank demonstrated resilient asset quality with ECL provisions decreasing by 34.146% year-over-year due to improving portfolio credit quality and effective provisioning practices aligned with IFRS 9 standards.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94546&anCat=1&cs=1080&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.