On 2026-07-20 08:01:41 (Saudi Time), Bank Albilad announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ended 30 June 2026, Bank Albilad's total operations profit rose 4.586% YoY to SAR 3,142.4 million (from SAR 3,004.6 million), driven by an 8.555% increase in total income from special commission of financing to SAR 3,936 million and a 29.219% surge in total income from special commission of investment to SAR 1,053.4 million, reflecting a 12% growth in income from investing and financing assets, partially offset by a 17% rise in the return on deposits and financial liabilities. Net profit attributable to shareholders grew 4.181% YoY to SAR 1,527.4 million (from SAR 1,466.1 million), supported by a 5% increase in total operating income driven by higher net income from investing and financing assets, other operating income, and net gains on FVSI instruments, though partially offset by declines in net fee and commission income, net exchange income, and dividend income. Total operating expenses before provisions rose 3.469% YoY to SAR 1,312.3 million, while total provisions for expected credit losses increased 25.172% to SAR 127.3 million, mainly due to higher net impairment charges on financing.

Quarter-on-Quarter Performance Drivers

QoQ net profit attributable to shareholders rose 7.583% to SAR 791.6 million (vs. SAR 735.8 million in the prior quarter), driven by a 5% increase in total operating income, supported by growth in other operating income, net exchange income, income from investing and financing assets, and dividend income, partially offset by declines in net fee and commission income and net gains on FVSI instruments. Operating expenses rose 3% QoQ due to higher general and administrative expenses, salaries, and depreciation, though net impairment charges for expected credit losses declined 21.958% to SAR 55.8 million, aided by improved portfolio quality and composition.

Other Items

Bank Albilad's external auditor issued an unmodified conclusion on the interim financial results for the six months ended 30 June 2026, with no additional comments in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. No material risks or going concern issues were flagged. Total assets grew 15.179% to SAR 186,478 million, while the loans and advances portfolio expanded 15.325% to SAR 133,418.5 million and client deposits increased 18.768% to SAR 147,187.9 million. Total shareholders' equity (after deducting minority equity) rose 14.517% to SAR 23,769.7 million. Earnings per share for the current period stood at SAR 0.97 (vs. SAR 0.98 in the same period of the prior year), calculated by dividing net income after zakat for the six months ended 30 June 2026 (after deduction of Tier 1 sukuk costs) by the weighted average outstanding shares of 1,485 million (adjusted for treasury shares). Total comprehensive income attributable to shareholders for the current period was SAR 1,593.7 million, a decline of 1.489% compared to SAR 1,617.8 million in the same period of the prior year. Some comparative items have been reclassified.

Original announcement:

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