Alinma Bank Q3 profit rises to 1.59B Riyals
Alinma Bank achieved a net profit of 1.59 billion riyals in the third quarter of 2026, representing a decrease of 0.23% compared to the same quarter of the previous year, and a decline of 0.43% compared to the previous quarter. Over the first nine months of the year, profits increased by 4.04% to reach 4.86 billion riyals, driven by a 6.1% rise in operating income, attributed to an increase in the volume of finance and investment assets and higher foreign exchange income, despite a decline in fee income from services and investment evaluation income. The change in profits is mainly due to growth in the finance and investment portfolio, along with increased provisions for expected credit losses.
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