Banque Saudi Fransi investments up 16% in 2021

Saudi Arabia’s Banque Saudi Fransi increased its investments by 16% to SR 43.6 billion in 2021 from SR 37.7 billion in 2020. Most of these investments were in domestic and international bonds with fixed/floating coupon trenches.

According to data collected by Maaal based on the bank’s financial statements, Banque Saudi Fransi’s investments in domestic bonds rose by 12% to SR 39.6 billion in 2021 (including SR 32.8 of fixed coupon trench and SR 6.7 billion of floating coupon one) from SR 35,4 billion in 2020 (including SR 28.6 of fixed coupon trench and SR 6.8 billion of floating coupon one).

Meanwhile, the bank’s investments in international bonds jumped 110% to SR 3.3 billion in 2021 (including SR 2.9 of fixed coupon trench and SR 392 million of floating coupon one), from SR 1.5 billion (including SR 1.47 of fixed coupon trench and SR 67.68 million of floating coupon one) in 2020.

The bank’s investment in domestic bonds decreased to 90% of its total investments by end of 2021 from 94% by end of 2020, while its investment in international bonds was just 7% in 2021 from 49% in 2020.

Banque Saudi Fransi had reported a 123.15% profit surge to SR 3.45 billion in 2021 against SR 1.55 billion a year earlier.

The profit per share rose to SR 2.7 in 2021 from SR 1.24 in 2020.