Earnings Report /
Saudi Arabia

Banque Saudi Fransi: Strong loan growth and higher provisions

  • Revenues increased by 8.1% yoy (+2.4% qoq) to SAR1.90bn, in-line with our estimate

  • Based on our initial estimates, NIMs declined by c6bps yoy to 2.9%, slightly lower than our estimate of 3.0%

  • Provisioning expenses increased by 19.9% yoy (+16.4% qoq) to SAR320mn

SNB Capital
28 July 2022
Published bySNB Capital


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