Earnings Report /
Saudi Arabia

Albilad: Q2 22 review – Loan growth continue to drive earnings

  • Revenue grew by 10.8% yoy (-0.9% qoq) to SAR1.25bn, marginally lower than our estimate of SAR1.31bn.

  • Based on our initial estimates, NIMs remain flat at 3.6%, marginally lower than our estimate of 3.8%.

  • Loan growth is the key highlight of the result. Albilad’s loan book grew 15.3% yoy (+5.6% qoq) to SAR91bn.

SNB Capital
27 July 2022
Published bySNB Capital


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.