Saudi National Bank (SNB) reported a net profit of SAR 10.27 billion in H1 2024, a rise of 2.3%, from SAR 10.03 billion in the year-earlier period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Net Special Commission Income | 13,302.48 | 13,962.26 | 5.0 % |
| Operating Income | 17,227.96 | 17,855.86 | 3.6 % |
| Total Provisions | (568.86) | (774.98) | (36.2 %) |
| Net Income | 10,037.10 | 10,270.17 | 2.3 % |
| Average Shares | 6,000.00 | 6,000.00 | - |
| EPS (Riyals) | 1.67 | 1.71 | 2.3 % |
| EPS Diluted (Riyals) | 1.62 | 1.66 | 2.5 % |
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Net Special Commission Income | 6,521.82 | 7,050.93 | 8.1 % |
| Operating Income | 8,494.37 | 8,916.44 | 5.0 % |
| Debt Provisions | (76.08) | (120.42) | (58.3 %) |
| Net Income | 5,015.56 | 5,230.56 | 4.3 % |
| Average Shares | 6,000.00 | 6,000.00 | - |
| EPS (Riyals) | 0.84 | 0.87 | 4.3 % |
| EPS Diluted (Riyal) | 0.81 | 0.84 | 3.2 % |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Net Special Commission Income | 6,912.00 | 7,050.93 | 2.0 % |
| Operating Income | 8,939.42 | 8,916.44 | (0.3 %) |
| Debt Provisions | (654.56) | (120.42) | 81.6 % |
| Net Income | 5,039.61 | 5,230.56 | 3.8 % |
| Average Shares | 6,000.00 | 6,000.00 | - |
| EPS (Riyals) | 0.84 | 0.87 | 3.8 % |
| EPS Diluted (Riyal) | 0.82 | 0.84 | 2.4 % |
The second-quarter net profit rose 4.2% to SAR 5.23 billion, compared to SAR 5.01 billion in Q2 2023.
Net earnings climbed 3.7% from SAR 5.04 billion in Q1 2024.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Assets | 996.20 | 1,088.11 | 9.2 % |
| Customer Deposits | 602.21 | 632.69 | 5.1 % |
| Loan | 577.85 | 637.24 | 10.3 % |
Total shareholders’ equity, no minority interest, rose to SAR 179.2 billion as of June 30, 2024, from SAR 170.17 billion a year earlier.
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