Riyad Bank Reports SAR 2.61B Net Profit in Three Months 2026
RIBL 1010.SA | 0.00 |
On 2026-04-21 07:58:10 (Saudi Time), Riyad 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 | 5,991,957 | 5,656,329 | 5.933 | 6,365,291 | -5.865 |
| Total Income From Special Commission of Investment | 815,311 | 694,227 | 17.441 | 755,894 | 7.86 |
| Net Income From Special Commission of Financing | 3,405,616 | 2,963,392 | 14.922 | 3,245,006 | 4.949 |
| Net Income From Special Commission of Investment | -21,081 | 319,090 | - | 159,927 | - |
| Total Operations Profit (Loss) | 4,614,047 | 4,503,641 | 2.451 | 4,664,029 | -1.071 |
| Net Profit (Loss) before Zakat and Income Tax | 2,977,356 | 2,771,778 | 7.416 | 2,944,594 | 1.112 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,613,539 | 2,486,007 | 5.129 | 2,640,923 | -1.036 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,378,862 | 2,682,806 | -11.329 | 2,689,339 | -11.544 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 1,371,750 | 1,378,884 | -0.517 | 1,727,850 | -20.609 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 275,132 | 361,723 | -23.938 | 367,201 | -25.073 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 537,083,416 | 466,454,565 | 15.141 |
| Investments | 86,842,417 | 69,722,280 | 24.554 |
| Loans And Advances Portfolio (Financing And Investment) | 377,047,013 | 338,991,099 | 11.226 |
| Clients' deposits | 352,567,445 | 304,092,494 | 15.94 |
| Total Shareholders Equity (after Deducting Minority Equity) | 66,348,390 | 61,591,009 | 7.724 |
| Profit (Loss) per Share | 0.83 | 0.79 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Net profit attributable to shareholders increased 5.129% YoY to 2.61 million, driven primarily by higher total operating income from increased net special commission income and trading income, combined with lower operating expenses. The improvement was supported by a 23.938% decrease in provision for expected credit losses and other losses, reflecting better asset quality and reduced impairment charges for credit losses and other financial assets.
Quarter-on-Quarter Performance Drivers
QoQ special commission income decreased 4.4% due to lower income from loans and advances and due from banks. Net profit fell 1.0% as the decline in total operating income (driven by lower fee & commission income, net special commission income, and dividend income) was only partially offset by reduced operating expenses from lower credit loss provisions and other general expenses.
Other Items
Riyad Bank received an unmodified auditor conclusion for the three-month period ended March 31, 2026, with no material uncertainties, disclaimers, or adverse opinions noted. The bank reported total assets of 537.08 billion SAR, representing a 15.141% increase from the prior year, with shareholders' equity of 66.35 billion SAR. Earnings per share improved to 0.83 SAR compared to 0.79 SAR in the same quarter of the previous year. The bank's loans and advances portfolio grew 11.226% year-over-year to 377.05 billion SAR, while client deposits increased 15.94% to 352.57 billion SAR. No accumulated losses were reported, and some comparative items were reclassified for presentation purposes.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94551&anCat=1&cs=1010&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.