Saudi Fransi profit climbs 11.5%, Bank Albilad slips 3.4%

Summary

• Banque Saudi Fransi posted a 1.5 billion riyal third-quarter profit, up 11.5% year on year.
• Bank Albilad's quarterly profit fell 3.4% to 740.2 million riyals despite higher operating income.
• Both Tadawul-listed lenders grew revenue, but credit provisions and costs split their bottom lines.

The latest

Banque Saudi Fransi lifted third-quarter net profit 11.5% to 1.5 billion riyals from 1.3 billion riyals a year earlier, according to preliminary results filed on the Saudi bourse. Bank Albilad moved the other way, reporting a 3.4% drop to 740.2 million riyals. Both lenders grew operating income over the same three months.

Details

• The headline figure: Banque Saudi Fransi's total operating income rose more than 10% year on year to 2.8 billion riyals in the third quarter of 2026, against 2.6 billion riyals in the same period of 2025, according to the bank's preliminary financial results published on Tadawul.
• Revenue mix: Net special commission income from financing increased about 5% to nearly 2 billion riyals, while net special commission income from investments jumped roughly 19% to 318 million riyals, the lender said in its filing.
• The bank's explanation: Banque Saudi Fransi attributed the profit growth to a 10.1% rise in total operating income, supported by higher net special commission income, fees and commissions, trading income and foreign exchange, even as total operating expenses rose 9.7%.
• The cost side: Net provisions for expected credit losses and other losses climbed 14.3% to 271 million riyals, up from 237 million riyals in the comparable quarter, according to the results.
• Quarter on quarter: Against the second quarter of 2026, Banque Saudi Fransi's net profit edged up 1.5% to 1.51 billion riyals from 1.49 billion riyals, while total operating income rose 0.5% to 2.86 billion riyals.
• Nine-month picture: For the first nine months of 2026, net profit rose about 7% to 4.4 billion riyals from 4.1 billion riyals. Total operating income increased 6.4% to 8.42 billion riyals, and net special commission income from financing gained 11.1% to 6.09 billion riyals.
• Balance sheet: Total assets grew 7.5% to 338.64 billion riyals at end-September 2026 from 314.95 billion riyals a year earlier. Loans and advances rose 6.9% to 230.4 billion riyals, and customer deposits increased 9.3% to 203.23 billion riyals.
• Per-share return: Earnings per share reached 1.62 riyals over the first nine months of 2026, compared with 1.53 riyals in the same period of 2025, according to the bank's disclosure.
• Albilad's numbers: Bank Albilad's third-quarter net profit fell to 740.2 million riyals from 766.5 million riyals, even as total operating income rose 5.3% year on year to 1.6 billion riyals from 1.5 billion riyals, its preliminary results showed.
• Albilad's income lines: Total special commission income from financing rose about 7% to more than 2 billion riyals, while total special commission income from investments surged 35.7% to 587.7 million riyals. The bank did not attach an explanation for the profit decline.

Between the lines

The two filings point to the same revenue trend and different outcomes. Both banks grew operating income and both saw investment commission income rise faster than financing income, with Albilad's investment line up 35.7% against Saudi Fransi's 19%. At Saudi Fransi, expenses up 9.7% and provisions up 14.3% still left profit growing; at Albilad, higher income did not hold the bottom line.

What's next

Both sets of figures are preliminary, with full third-quarter statements still to be filed on Tadawul. Fourth-quarter and full-year 2026 disclosures will show whether Albilad's profit decline extends or reverses.

Source: ⁦ontime+⁩