Riyad Bank’s profits rise 11% during 2to SAR 2.59 billion

Riyad Bank recorded a net profit of SAR 2.6 billion during the second quarter of 2025, compared to SAR 2.33 billion in the same quarter last year, an increase of 11%. This came after the announcement today of the estimated financial results for the period ending June 30, 2025 (six months).

Total operating profit reached SAR 4.5 billion in the second quarter of 2025, compared to SAR 3.99 billion in the same quarter of the previous year, an increase of 13%.

Earnings per share in the second quarter amounted to SAR 1.61, compared to SAR 1.42 in the same quarter of the previous year. According to the bank, the increase in total operating income was due to higher net trading income, net fees and commission income, net special commission income, net gains from the sale of non-trading investments, other operating income, and net foreign exchange income, partially offset by lower dividend income. The increase in total operating expenses was primarily due to higher net impairment allowances for credit losses and other financial assets, depreciation of property, equipment, and right-of-use assets, rental and premises expenses, other general and administrative expenses, and other operating expenses, partially offset by lower net impairment allowances for investments, employee salaries, and similar expenses.