Al Rajhi Bank’s profits rose to 6.3 billion riyals in the third quarter
Al Rajhi Bank’s net profit in the third quarter of 2025 increased by 24.6% to 6.3 billion riyals, compared to 5.1 billion riyals in the same quarter of last year.
According to the bank’s statement on the website "Saudi Arabia trading"Net income increased as a result of an increase in total operating income by 17.1%.
This is mainly due to an increase in net financing and investment income, banking service fees, income from other operations, and income from foreign currency exchanges.
On the other hand, total operations expenses, including the allowance for credit losses, increased by 1% as a result of an increase in depreciation expense and expenses. Employee salaries and benefits and other general and administrative expenses. In addition to a decrease in the provision for credit losses from 688 million riyals to 570 million riyals by 17.2%.
Net income increased on a quarterly basis as a result of an increase in total operating income by 2.9%, mainly due to an increase in banking service fees, income from foreign currency transfers, and income from other operations. This was offset by a decrease in net financing and investment income.
On the other hand, total operating expenses, including the provision for credit losses, increased by 1.6% as a result of an increase in other general and administrative expenses, depreciation expense, and employee salaries and benefits expenses. In addition to a decrease in the provision for credit losses from 600 million riyals to 570 million riyals by 5.0%.
Net income increased during 9 months, as a result of an increase in total operating income by 23.1%. This is mainly due to an increase in net financing and investment income, banking service fees, income from other operations, and income from foreign currency transfers.
On the other hand, the total increased. Operations expenses, including an allowance for credit losses, increased by 8.8% as a result of an increase in depreciation expense, employee salaries and benefits expenses, and other general and administrative expenses. In addition, the provision for credit losses increased from 1,564 million riyals to 1,695 million riyals, by 8.4%.
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