Saudi National Bank Reports 20% Rise in Q3 Net Profit on Strong Operating Income

Riyadh, October 20 (Saudi Arabia Breaking News) – Saudi National Bank (SNB), the Kingdom’s largest lender by assets, reported a 20 percent increase in third-quarter net profit, supported by strong growth in operating income and lower operating expenses, according to a company statement released on Monday.

The bank posted a net profit attributable to equity holders of SAR6.47 billion ($1.73 billion) for the quarter ended September 30, exceeding analysts’ expectations of SAR5.45 billion, based on mean estimates compiled by LSEG.

The result reflects continued demand for credit and financial services amid the Kingdom’s economic diversification drive under Saudi Vision 2030, which has spurred investment in tourism, manufacturing, and infrastructure.

Operating income registered a double-digit increase from the previous year, while operating expenses declined, improving the lender’s overall performance and profitability metrics.

SNB’s total assets rose 7.3 percent year-on-year to SAR1.21 trillion during the first nine months of 2025, driven by growth in both its financing and investment portfolios.

The bank’s loans and advances climbed 10.6 percent to SAR725.1 billion as of the end of September, while customer deposits increased 0.8 percent to SAR639.5 billion, reflecting stable liquidity levels.

Saudi Arabia’s banking sector continues to post solid growth, supported by rising credit activity and government-backed development initiatives aimed at diversifying the economy away from oil revenues.