Albilad Q2 profit reaches 791.6M riyals
The preliminary financial results for Bank Albilad showed a 3.37% year-on-year increase in its net profit for the second quarter of 2026, reaching 791.6 million SAR compared to 765.8 million SAR in the same period of the previous year. The net profit for the quarter also grew by 7.6% compared to the previous quarter, attributed to a 5% increase in operating income, primarily from investment and financing assets, despite a decline in fee and commission income. For the first half of the year, the bank recorded a profit of 1.53 billion SAR, up from 1.466 billion SAR in the same period last year. Operating expenses also rose by 6%, driven by higher provisions for credit losses and administrative expenses, while the return on financing assets increased by 15%.
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