The increase in the profits of the Saudi Investment Bank to 503.3 million riyals in the first quarter

The profits of the Saudi Bank for Investment in the first quarter of 2025 increased by 13.8%, to 503.3 million riyals, compared to 442.4 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, the net profit increased by 13.8%, as a result of the total increase in operations, in addition to the decrease in credit and other losses.
The total operations income increased by 5.5%, as a result of the increase in the net income of private commissions, the profits of transferring foreign currencies, and the gains from excluding the debt bonds listed at the fair value through the other comprehensive income, which was met with a decrease in the unpaid gains on financial instruments at fair value through the income list.
The total operating expenses decreased by 3.1 %, as a result of the decline in credit losses, other losses, public and administrative expenses, which were met with an increase in employee salaries and expenses, rent, buildings, consumption and extinguishing expenses.
According to the report, the net profit decreased by 1.3% on a quarterly basis, as a result of the decrease in the total operation income.
The total of the income of operations decreased by 3.0%, as a result of the decrease in the unacceptable gains on the financial tools at the fair value through the income list, the income of the fees from banking services, and it was met by a partial increase in the gains from excluding the debt bonds listed at fair value through the other comprehensive income in addition to the high profits of transferring foreign currencies.
The total operating expenses decreased by 4.6 %, as a result of the decline in the allocations of credit and other losses, the salaries and expenses of the employees, despite the marginal increase in consumption, extinguishing, rent and building expenses.