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Al-Ahli reports 6.45bn riyals Q3 2026
The Saudi National Bank announced its financial results for the third quarter of 2026, recording a net profit of 6.45 billion Saudi Riyals, a slight decrease of 0.29% compared to the same period last year, and a decline of 2.36% compared to the previous quarter. The decrease is attributed to an increase in operating expenses, particularly salaries and employee-related expenses, property depreciation, along with a 39.83% rise in projected credit loss provisions. For the first nine months of 2026, annual profits increased by 4.57%, supported by a 4.55% growth in the loan portfolio, a 4.75% rise in customer deposits, and a 4.61% increase in total assets. Despite the improvement in profits, the bank reported a 24.18% decrease in profits attributable to its shareholders, reaching 15.75 billion Saudi Riyals.
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