First Saudi Bank achieves net income after zakat and income tax of 2,086 million SAR for the first quarter of 2026, supported by stable income and a strong financial base.

2026/04/23 5:26:40 PM

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First Saudi Bank achieves net income after zakat and income tax of 2,086 million SAR for the first quarter of 2026, supported by stable income and a strong financial base.

Summary of financial results for the first quarter of 2026:
Total operating income: broadly stable at 3,612 million SAR, compared to 3,620 million SAR in the first quarter of 2025.
Net loans and advances: 307 billion SAR, an increase of 10%, compared to 279 billion SAR in the first quarter of 2025.
Customer deposits: 331 billion SAR An increase of 14%, compared to 290 billion SAR in the first quarter of 2025.
Total equity: 81 billion SAR, an increase of 11%, compared to 73 billion SAR in the first quarter of 2025.
Net income after zakat and income tax: 2,086 million SAR, a decrease of 2% compared to 2,135 million SAR in the first quarter of 2025. 2025.

Today, Mrs. Lubna Olayan, Chairman of the Board of Directors of First Saudi Bank, announced the bank’s financial results for the period ending on March 31, 2026.
It achieved "the first" Stable performance during the first quarter of 2026, bringing the total operating income to 3,612 million SAR, which reflects the efficiency of the diversified business model and continued growth in various basic sectors.
Net income after zakat and income tax amounted to 2,086 million SAR, a slight decrease of 2% on an annual basis, mainly due to the bank’s adoption of a cautious and proactive approach to risk management, which enhances the solidity and quality of its financial position and enables it to deal confidently with economic variables. and current geopolitics.
In her statement on these financial results, Mrs. Lubna Al-Olayan commented: "The bank’s first-quarter performance demonstrates the robustness of its diversified business model, with continued growth across both the retail and corporate sectors, supported by strong liquidity levels and a diversified funding structure."
I still have liquidity "the first" It represents one of its most prominent strengths, as customer deposits witnessed an increase consistent with the bank’s strategic priorities, which supports the continuation of lending activity and the growth of the balance sheet.
The bank continues to focus on maintaining the strength of its financial position, supported by strong capital, stable liquidity, and a wise approach to risk management, ensuring its ability to adapt to changing market conditions and continue to support its customers and the economy in general. During the quarter, it continued "the first" Achieving growth in its core business, as the retail banking sector recorded growth of 2% on a quarterly basis and 10% on an annual basis, indicating strong performance despite the slowdown in the market pace. While the corporate banking sector continued to achieve strong momentum, driven by a promising business portfolio that contributed to achieving a growth of 3% on a quarterly basis.
Fee income also witnessed a decline during the period as a result of the recent regulatory changes that affected retail banking fees, but this was partially offset by gains achieved from the bank’s investment portfolio, which reflects the efficiency of balance sheet management and the diversification of sources of income.
The bank’s commitment to sustainability was appreciated by raising its rating in the Morgan Stanley Global Index "MSCI" in environmental, social and corporate governance practices to a degree "AA"in confirmation of continued progress in integrating sustainability principles into its operations. He also made contributions worth 24 million riyals to support community development programs in various regions of the Kingdom, based on his basic values and commitment to making a tangible positive impact.
He was also crowned with a number of prestigious awards, including the "Best bank in the field of environmental, social and corporate governance practices in the Kingdom of Saudi Arabia" From Euromoney for the third year in a row, in addition to an award "The best bank in the Kingdom of Saudi Arabia 2025"which confirms its leadership position in sustainability and its distinguished performance.
He confirms "the first"Its readiness to continue achieving sustainable growth, based on a strong capital base, solid liquidity, and a strategic roadmap in line with Saudi Vision 2030, with a focus on structured implementation, customer-focused innovation, and prudent risk management to keep pace with economic changes.
Olayan concluded, saying: "On behalf of the Board of Directors, I would like to thank our customers for their trust, and our employees for their continued dedication. We also appreciate the continued support from the regulatory authorities and our strategic partner HSBC, as well as the Central Bank of Saudi Arabia and the Capital Market Authority, as we continue to build on our achievements."