Riyadh, Saudi Arabia — Saudi National Bank (SNB) reported a 17.3% increase in Saudi National Bank Q2 profit, with net income rising to SAR 6.137 billion, up from SAR 5.231 billion in Q2 2024. Every quarter, profits were up 1.9% from SAR 6.02 billion in Q1 2025. Rising revenues and a significant drop in credit loss provisions supported this growth.

SNB Earnings Q2: Operating Income Up Amid Rising Fees and FX Gains

SNB’s financial results show that total operating income rose 6.6% to SAR 9.5 billion. This included a modest 0.5% increase in net financing and investment income. However, banking services fees surged 20.6%, while foreign exchange income jumped 41.5%. Investment income also grew by 23.6%.

Importantly, expected credit loss provisions fell sharply by 243.6%, significantly boosting the net profit margin for the quarter.

SNB Portfolio Growth Fuels H1 Profit of SAR 12.2 Billion

In the first half of 2025, SNB posted a net profit of SAR 12.16 billion, an 18.4% increase from SAR 10.27 billion in H1 2024. Financing and investment income reached SAR 15.2 billion, driven by a 4% rise in financing portfolio returns and a 10.4% increase in investment income.

 

 

THE SAUDI STANDARD’S VIEW: SNB’s Performance Underscores Financial Sector Maturity

The 17% rise in Saudi National Bank’s Q2 profit to SAR 6.1 billion and 18% H1 profit growth to SAR 12.2 billion reflect the growing strength and complexity of Saudi Arabia’s banking sector under Vision 2030.

  • The 243.6% drop in credit loss provisions signals a healthier credit environment. It also shows that recent reforms and stronger risk frameworks improve financial system stability.
  • Growth in operating income and sharp gains in FX and investment earnings reflect SNB’s diversified strategy. Foreign exchange income rose 41.5%, and investment returns climbed 23.6%.
  • With SAR 15.2 billion in financing and investment income during H1, SNB supports Vision 2030. It helps meet rising demand for credit in both consumer and enterprise segments.
  • SNB’s performance strengthens Saudi Arabia’s role as a regional banking hub. It also aligns with the Financial Sector Development Program, which aims to deepen markets and expand financial access.

As Saudi banks embrace fintech and broaden their income sources, SNB’s momentum demonstrates a mature and evolving financial sector. The bank is delivering shareholder value and supporting the Kingdom’s broader economic transformation.

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