National Bank’s profits increased by 6.7% to 6.4 billion riyals in the first quarter
The profits of the Saudi National Bank increased by 6.7% in the first quarter of 2026 to 6.4 billion riyals, compared to 6 billion riyals in the same quarter of last year.
According to the bank’s statement on the website "Saudi Arabia trading"Net income attributable to shareholders’ equity for the first quarter of 2026 increased by 6.7%, reaching 6.4 billion riyals. This was a result of an increase in total operating income and a decrease in total operating expenses.
Total operating income increased by 0.4%, reaching 9.7 billion riyals, while total operating expenses decreased by 19.4% as a result of a decrease in building rents and expenses by 11.0% and a decrease in depreciation/amortization of property, equipment, and software. And the right to use assets by 10.4%, in addition to a decrease of 609 million riyals in the net impairment allowance for expected credit losses, net.
The increase in net income attributable to shareholders’ equity on a quarterly basis by 0.6%, to reach 6.4 billion riyals, was a result of a decrease in total operating expenses by 21.5%.
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