Earnings Report /
Saudi Arabia

Albilad: Bank Albilad Q2 21 Results Analysis | Loan book surge drives in-line results

  • Revenues grew 13.2% yoy (flat qoq) to SAR1.13bn, but were lower than our estimates of SAR1.21bn

  • Based on our initial estimates, NIMs declined c55bps yoy to 3.2% and were lower than our estimate of 3.5%

  • Operating expenses increased 7.3% yoy (+1.0% qoq) to SAR531mn and were in-line with our estimates of SAR536mn

SNB Capital
3 August 2021
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