Albilad Bank income growth forecast
Aljazira Capital expects Bank Albilad to experience accelerated growth in operating income between 2025 and 2028, driven by stable net interest margins and a cumulative growth in financing of approximately 10.4%, along with improvements in non-financing revenues. However, an increase in risk costs will lead to a decline in profitability margins, with an expected compound annual growth rate (CAGR) of 7.5% in adjusted net profit and a decrease in return on equity (ROE) to 15.3% by 2028. The company has revised downward its forecasts for net income for the years 2026 and 2027, while maintaining a "Neutral" recommendation on the bank's stock.
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