Riyadh, Saudi Arabia — Euromoney has named Saudi Awwal Bank the Best Bank in the Kingdom for 2025. The award reflects the bank’s strong financial results, digital innovation, and ESG progress.

Saudi Awwal Bank best bank honor reflects financial and digital strength.

In 2024, Awwal generated a net profit of SAR 8.07 billion, a 15% increase. Its operating income reached SAR 14 billion, driven by a 16% return on tangible equity. Meanwhile, net loans increased by 20% to SAR 259 billion.

Additionally, Awwal launched “Awwal 360°,” an AI-powered platform that provides instant customer insights. It enhanced digital onboarding by upgrading its KYC system, cutting processing time by 40%. Additionally, the bank became an early adopter of Samsung Pay.

ESG leadership connects with Vision 2030 goals

Aligned with Vision 2030, Awwal bolstered its real estate lending to SAR 35 billion. At the same time, the bank financed renewable energy projects totaling 4.5 GW. It also introduced Shariah-compliant ESG investment products for private clients.

Tony Cripps, CEO of Awwal, said:

“This recognition reflects our model’s strength and our team’s dedication. We are proud to shape the future of banking and support the Kingdom’s transformation.”

The Euromoney award underscores Awwal’s leadership in growth, innovation, and long-term value.

 

 

The Saudi Standard’s View: Awwal Sets New National Benchmarks in Banking

Saudi Awwal Bank’s recognition marks a turning point for Saudi Arabian banking. The award demonstrates that local banks are now competing on global innovation and ESG standards.

Awwal’s financial gains—15% profit growth and a 16% return on equity—show that scale and sustainability can coexist. Its digital tools, like Awwal 360°, and faster KYC processes shift banking toward predictive and customer-centric models.

Likewise, Awwal’s ESG strategy stands out. The bank deployed SAR 35 billion in real estate funding and backed 4.5 GW in renewable energy projects. Consequently, Awwal is playing a leading role in shaping Vision 2030.

Finally, this award signals a broader trend. Saudi banks must now match their financial strength with digital skills and their impact on sustainability. Awwal’s example raises the bar—and challenges peers to follow.

 

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