Saudi National Bank’s Profit Rises 17% in Q2 Due to Lower Losses and Higher Income

Saudi National Bank’s Profit Rises 17% in Q2 Due to Lower Losses and Higher Income

Saudi National Bank (SNB), the largest bank in Saudi Arabia, reported a 17.3% increase in profit for the second quarter of 2025. The bank earned $1.6 billion (SAR 6.1 billion), mainly because it had fewer expected credit losses and earned more from interest (called special commission income).

Second Quarter Highlights

SNB said its losses from bad loans (impairment charges) fell by 243.6% in Q2 2025, showing better loan quality and stronger financial preparations.
The bank’s total income rose by 6.6% to $2.5 billion (SAR 9.5 billion), up from $2.4 billion (SAR 8.9 billion) a year ago. This was due to more earnings from interest, banking fees, currency exchange, and investments.
Special commission income alone increased by 5.4% to $4.1 billion (SAR 15.2 billion) in Q1 2025. This came from a 4% rise in lending income and a 10.4% increase in income from investments.

First Half of the Year

For the first six months of 2025, SNB’s profit rose by 18.4% to $3.2 billion (SAR 12.2 billion). This growth came from higher interest income, better overall income, and fewer bad loan charges.
Operating profit for the first half of 2025 increased by 7.1% to $5.1 billion (SAR 19.2 billion), compared to $4.8 billion (SAR 17.9 billion) in the same period last year.

Fundraising Activity

In June, SNB raised $1.25 billion (SAR 4.67 billion) by selling special bonds in US dollars. This was part of its international bond program and is meant to support the bank’s long-term financial plans.

Published: 22nd July 2025

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