The profits of the first Saudi Bank rise to 2.1 billion riyals in the first quarter

The profits of the first Saudi Bank in the first quarter of 2025 increased by 4.5% to 2.1 billion riyals, compared to 2.04 billion riyals in the same quarter of last year.
According to the bank’s statement on the circulation of Saudi Arabia, this is mainly due to the rise in total operations income. This was met with a high net credit losses and operations expenses.
The total income of operations increased, and this is mainly due to the increase in the net income of private commissions, the net fees and commissions income, and the income of currencies. In addition, there was a decrease in the losses of excluding the debt tools listed at the extinguished cost and fair value through the other comprehensive income of the debt bonds, and this is partly met with a decrease in the gains from the financial tools listed by fair value through the income menu.
According to the statement, the total operating expenses increased by 2%, mainly due to the high salaries and employee expenses.
The net profit resulting from the high income of operations and a decrease in the expenses of operations, which was met by a high level of expected credit losses.
The total income of operations has increased, and this is mainly due to the rise in the net fees and commissions income and the net income of private commissions, and this was partly met with a decrease in the income of currencies and the gains of financial tools listed at the fair value through the income list and net income of other operations.