Al-Soloum Highlights PSF's Strong First Half
The Saudi French Bank (BSF) achieved strong performance during the first half of 2026, with a net profit of 2.868 billion riyals, representing a 5% increase compared to the same period last year. The CEO noted that this performance reflects the robustness of the business model and disciplined risk management, with loans and advances growing by 7% and the cost of risk decreasing to 0.44%. Assets also increased to 328 billion riyals, and customer deposits rose by 5%, while the bank continues to focus on digital transformation and the development of the corporate and retail banking sectors. The bank affirmed its commitment to innovation and enhancing digital capabilities to achieve sustainable long-term value.
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