Latest 2025 Earnings Chart: Saudi Banks Split SAR 92.5B – Al Rajhi (1120) Leads at 27%
ALRAJHI 1120.SA | 0.00 | |
SAIB 1030.SA | 0.00 | |
BJAZ 1020.SA | 0.00 | |
SNB 1180.SA | 0.00 | |
BSF 1050.SA | 0.00 |
Saudi Arabia's banking sector demonstrated robust performance in 2025, with aggregate net profits climbing 16% to SAR 92.52 billion, up from SAR 79.64 billion in 2024, according to data from the Saudi Exchange (Tadawul).
Key Drivers of Growth
The sector's profit surge was primarily fueled by a remarkable 21% year-on-year increase in non-financing income, driven by higher fees, commissions, and diverse banking activities. Meanwhile, credit loss provisions declined slightly by 1% to SAR 8.96 billion, providing additional support to bottom-line results.
Despite the positive momentum, net interest margins edged lower due to decreased interest rates compared to 2024, though this was partially offset by a solid 12% expansion in the credit portfolio.
Bank-by-Bank Performance
Net Income by Bank (SAR Million)
| Bank | 2024 | 2025 | Change |
| Al Rajhi Bank(1120.SA) | 19,722.21 | 24,791.75 | 25.70% |
| Saudi Investment Bank(1030.SA) | 1,956.63 | 2,431.50 | 24.27% |
| Bank Aljazira(1020.SA) | 1,230.95 | 1,505.54 | 22.31% |
| The Saudi National Bank(1180.SA) | 21,193.00 | 25,013.28 | 18.03% |
| Banque Saudi Fransi(1050.SA) | 4,544.07 | 5,353.42 | 17.81% |
| Riyad Bank(1010.SA) | 9,321.89 | 10,410.95 | 11.68% |
| Alinma Bank(1150.SA) | 5,831.66 | 6,397.15 | 9.70% |
| Bank Albilad(1140.SA) | 2,806.50 | 3,049.40 | 8.65% |
| Saudi Awwal Bank(1060.SA) | 8,070.46 | 8,452.00 | 4.73% |
| Arab National Bank(1080.SA) | 4,966.00 | 5,116.00 | 3.02% |
| Total | 79,643.37 | 92,521.00 | 16.17% |
Al Rajhi Bank(1120.SA) led the sector with the highest profit growth at 26%, posting SAR 24.79 billion and capturing approximately 27% of total sector profits. This performance was driven by strong non-financing income and financing portfolio expansion.
The Saudi National Bank(1180.SA) followed with an 18% profit increase, supported by higher operating and non-operating income despite slightly compressed operating margins.
Saudi Investment Bank(1030.SA) (SAIB) achieved remarkable 24% growth, powered by a 97% surge in non-financing income—largely from capital gains of SAR 535.2 million from selling a 44.4% stake in a land plot at public auction.
Bank Aljazira(1020.SA) and Banque Saudi Fransi(1050.SA) (BSF) also recorded solid gains of 22% and 18% respectively, with improved operating income contributing to their strong results.
Balance Sheet Strength
Key Financial Metrics (SAR Billion)
| Period | Total Assets | Customer Deposits | Total Loans |
|---|---|---|---|
| Q1 2025 | 4,416.13 | 2,790.67 | 2,961.65 |
| Q2 2025 | 4,518.07 | 2,867.17 | 3,036.47 |
| Q3 2025 | 4,627.77 | 2,930.80 | 3,112.70 |
| Q4 2025 | 4,640.31 | 2,948.15 | 3,139.06 |
The sector's financial position continued to strengthen throughout 2025, with total assets reaching SAR 4.64 trillion by year-end, up 10% year-on-year. The Saudi National Bank(1180.SA) commanded the largest share at 26%, followed by Al Rajhi Bank(1120.SA) at 22%.
Total loans grew 12% to SAR 3.1 trillion, while customer deposits increased 9% to SAR 2.95 trillion, reflecting healthy credit demand and deposit mobilization across the sector.
Q4 2025 Momentum Sustained
The positive trend continued into the fourth quarter, with aggregate profits rising 13% year-on-year to SAR 23.65 billion, compared to SAR 20.94 billion in Q4 2024.
Saudi Investment Bank(1030.SA) recorded the highest quarterly growth rate at 76%, driven by a 304% increase in non-operating income (including the land sale gains), though this came with a 110% rise in provisions. Bank Aljazira(1020.SA) followed with 29% growth, backed by higher operating and non-operating income.
However, not all banks maintained upward momentum. Arab National Bank(1080.SA) (ANB) saw profits decline 9% due to a 2% drop in net special commission income, despite a 44% reduction in provisions. Saudi Awwal Bank(1060.SA) (SAB) experienced a 4% decrease as provisions surged 313% alongside 15% loan portfolio growth.
The overall performance underscores the resilience and growth potential of Saudi Arabia's banking sector as it continues to support the Kingdom's economic diversification efforts.