Earnings Report /
Saudi Arabia

Alinma: Alinma Bank Q2 21 Results Analysis | Strong loan growth continues

  • Revenues grew 24.2% yoy (+2.2% qoq) to SAR1.66bn, in-line with our estimate of SAR1.67bn.

  • Based on initial estimates, NIMs declined c16bps yoy to 3.0% and were broadly in-line with our estimates.

  • Operating expenses, including provisioning expenses, increased by 23.9% yoy (-4.4% qoq) to SAR863mn.

SNB Capital
3 August 2021
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