Al -Rajhi Bank’s profits increased to 5.9 billion riyals in the first quarter of 2025

The net profit of Al -Rajhi Bank increased in the first quarter of 2025 by 34% to 5.9 billion riyals, compared to 4.4 billion riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, net income increased as a result of a total increase in operations by 27.3%, mainly due to an increase in the net financing and investment income and banking fees, income from other operations and income from the transfer of foreign currencies.
On the other hand, the total operations expenses increased, including 12.9% of credit losses, as a result of an increase in consumption expenses, salary expenses and advantages of employees and other public and administrative expenses. In addition to an increase in credit losses from 421 million to 525 million, by 24.6%.
The net income increased on a quarterly basis, as a result of the total income of operations by 5.1%, and this is mainly due to an increase in income from other operations and net income from financing, investment and income from banking services fees, and this is due to a decrease in income from the transfer of foreign currencies.
On the other hand, the total operations expenses increased in comprehensively, allocated to credit losses by 0.4% due to an increase in the expenses of salaries and advantages of employees and other public and administrative expenses, and this was due to a decrease in consumption expenses. In addition to a decrease in credit losses from 553 million to 525 million, by 5.0 %.