Saudi National Bank · TADAWUL:1180
Saudi National Bank — Q4 2025 Earnings Presentation
54 slides from Saudi National Bank's earnings presentation, February 2026
Slide 1: 4Q 2025 Investor Presentation
4Q 2025 Investor Presentation February 2026
Slide 2: Table of Contents
Table of Contents SNB Profile 01 Operating Environment 02 Strategy 2025-2027 03 Financial Highlights 04 Our goal is to propel the nation’s progress towards Vision Debt Profile Update 05 2030 and beyond by spearheading technological Financial Results Details 06 innovation, encouraging progressive thi
Slide 3: SNB Profile
SNB Profile O1 SNB
Slide 4: SNB Overview
SNB Overview SNB is Saudi Arabia’s largest banking group with a well-diversified business model, leading client offering, and presence in 9 countries Our Purpose: Robust credit standing Subsidiary Subsidiary Offices in TFKB (Turkey) Samba Bank (Pakistan) Shanghai & Seoul Ratings LT ST Outlook 3,046 E
Slide 5: SNB in KSA and GCC Context
SNB in KSA and GCC Context SNB is a leading bank in KSA and the GCC region SNB Rank SNB Rank Top 5 Banks in GCC by Rank in KSA in GCC Assets (bn) (¥bn) Financing (¥bn) (SARbn) Assets #1 #3 Peer 2 1,433 Peer 1 1,047 Peer 1 1,431 Peer 4 753 Financing #2 #3 SNB 1,210 SNB 729 Peer 3 1,189 Peer 3 646 De
Slide 6: Leading, diversified franchise
SNB market position as of 4Q 2025 Leading, diversified franchise KSA Total Market SNB Market Share in ¥bn SNB Market Share in % Rank KSA Overall Banking (Assets) ¥ 4,640Bn 1,210 3,430 26% #1 Wholesale Banking2 (Domestic Financing) ¥ 1,850Bn 354 1,496 19% #1 Retail Banking2 (Domestic Financing) ¥ 1,2
Slide 7: Operating Environment
Operating Environment 02 SNB
Slide 8: Supportive KSA macro-economic environment
Operating Environment Supportive KSA macro-economic environment Average Monthly Oil Prices (US$/bbl) Oil Demand Outlook (mmbd) Real GDP Growth (% Y/Y change) 140 107.0 106.5 +20.0 120 106.0 105.2 +15.0 105.1 104.8 100 105.0 103.9 103.8 103.9 +10.0 104.0 103.1 +8.0 80 65 +5.0 +4.7 103.0 102.8 60 +4.0
Slide 9: Strong and stable banking sector
Operating Environment Strong and stable banking sector Overall Banking Industry Lending Overall Banking Industry Lending by Average Monthly Value of Gross Mortgage & Deposits (Y/Y % change) Sector (M/M % change) Origination by All Banks (¥bn) 20.0 4.0 14,000 200.0 3.0 12,000 150.0 15.0 10,000 2.0 11
Slide 10: Strategy 2025-2027
Strategy 2025-2027 03 SNB
Slide 11: SNB Strategy 2025-2027
SNB Strategy 2025-2027 SNB’s comprehensive strategy prioritizes sustainable growth in the Kingdom and embraces a customer-centric approach, while championing innovation Key Pillars Themes Target emerging segments with Market Share and focus on improving returns and fee Grow Financing Drive CASA Enha
Slide 12: Strategy KPIs Review: 2027 target updates
Strategy KPIs Review 2027 target updates deliver sustainable, value-driven growth while sustaining strong returns Metrics1 2024 2027 Initial 2027 Targets Baseline Targets Updated Financing growth CAGR 2024-27 ¥ 654bn Low teens Low double digit Topline growth adjustments CASA growth CAGR 2024-27 ¥ 41
Slide 13: Strong momentum across non-financial 2027 targets
Strategy KPIs Review Strong momentum across non-financial 2027 targets Area Metrics 2024F Baseline Progress 2027 Targets & Commentary 2025, YoY Customer Experience revamp underway Customer Targeting best in class CX in the Kingdom, in-line with Global standards, guided New Voice of Customer Framewor
Slide 14: Strategic Priorities
Strategic Priorities 2025 provides a solid foundation for achieving SNB’s objectives and catalyzing Saudi Arabia’s next phase of growth 1. Focus on profıtable, 2. Transparent and 3. Sensible Capital sustainable growth in KSA progressive dividends Allocation 2027 Key priorities ROTE 17-18%1 Post T1 D
Slide 15: Financial Highlights
Financial Highlights 04 SNB
Slide 16: Group CEO's Opening Remarks
Group CEO’s Opening Remarks 2025: Disciplined strategy execution reinforces SNB’s leadership, with scale, growth and efficiency driving profitability Launched a new strategy Year 1 delivered & Operating discipline Structural improvements cycle with clear priorities exceeded annual guidance delivered
Slide 17: 2025 Financial Performance Highlights
2025 Financial Performance Highlights SNB ended 2025 with record net income of ¥ 25bn, underpinned by healthy balance sheet growth, strong core revenues, record-low efficiency and solid credit quality ratios Strong financing growth from Wholesale financing and Mortgage expansion with a decreasing NP
Slide 18: Balance Sheet Summary
Balance Sheet Summary Balance sheet expanded by 10% YoY, driven by growth in financing and investments, with domestic customers’ deposits growing 10% YoY Total Assets (¥bn) Total Assets Movement YoY (¥bn) +10% +10% 1,171.1 1,201.0 1,206.6 1,210.0 1,104.2 88 91 88 93 72.1 3.7 1,210.0 94 28.2 1,104.2
Slide 19: Income Statement Summary
Income Statement Summary 18% YoY Net income growth driven by revenue uplift and cost discipline Full-Year Net Income Attributed To Equity Holders Movement YoY (¥mn) Net Income (¥mn) +18% +15% +17% 6,469 6,385 1,429 1,186 123 24,966 47 25,013 5,557 32 68 21,193 21,339 1,232 (146) (343) 6,436 6,318 5,
Slide 20: Segmental Highlights
Segmental Highlights All segments contributed positively to Group net income Total Assets Movement YoY (¥bn) Total Liabilities Movement YoY (¥bn) Total Assets Composition (%) +10% +10% Capital Markets 73 10 4 1,210 81 8 4 1,006 2.8% 19 Wholesale 1,104 911 3 Int'l 57.3% 3.0% Retail 37.0% +4% +12% +44
Slide 21: Outlook & Guidance
Outlook & Guidance 2026 guidance supports continued progress toward the Strategy’s targets Macro-Economic FY 2025 FY 20262 SNB Financial Guidance FY 2025 Baseline FY 2026 Guidance Outlook1 ¥ 729bn Real GDP Growth +4,4% +4.7% Financing Growth High single digit +11% ¥ 29.2bn NSCI Growth Mid single dig
Slide 22: Debt profile update
Debt profile update 0 5 SNB
Slide 23: Term Loans, Sukuk and Debt Securities
Term Loans, Sukuk and Debt Securities Continued growth and diversification in funding profile Debt Securities, CDs, AT1, Tier 2 and Term Loan Balances (¥bn) 2025 key highlights 150.3 ▪ SNB executed multiple AT1 and Tier 2 capital transactions, across public and private 7.8 markets, reinforcing SNB’s
Slide 24: Sustainability Update
Sustainability Update SNB combines strong financial resilience with sustainability leadership, advancing ESG strategy and sustainable finance SNB has advanced its sustainability journey since 2021 through the launch and expansion of its Building on this foundation, SNB has issued a total of 9 outsta
Slide 25: Capital position
Capital position SNB enjoys one of the highest Capital Ratios among regional peers CET 1 and Tier 1 capital ratios CET 1 Ratio Tier 1 Ratio Total Capital Ratio 21.9% 21.2% 21.4% 19.9% 20.5% 20.0% 20.3% 19.9% 19.8% 19.7% 19.2% 19.3% 19.2% 18.9% 18.1% 18.3% 18.1% 18.2% 18.7% 17.7% 17.8% 17.5% 17.8% 16
Slide 26: Credit Ratings: External Ratings Update
Credit Ratings External Ratings Update Rating Agency Saudi Arabia SNB Ratings SNB Outlook Quotes Long-term A “The stable outlook reflects our expectation that SNB will A- A maintain a solid capitalization while keeping risks S&P A-1 Stable Outlook: Positive Short-term A-2 associated with lending gro
Slide 27: Financial Results Details
Financial Results Details 06
Slide 28: Balance Sheet Summary
Balance Sheet Summary Balance sheet expansion of 10% YoY mainly from financing & investment growth, supported by a 10% increase in domestic customers’ deposits Total Assets (¥bn) ¥ (mn) 4Q 2025 3Q 2025 Δ 4Q 2024 Δ +10% Cash & interbank 67,894 75,582 -10% 63,208 +7% 1,171.1 1,201.0 1,206.6 1,210.0 In
Slide 29: Financing & Advances
Financing & Advances Financing increased 11% YoY fueled by Wholesale financing and mortgages Achieved: 2025 Guidance Financing & Advances, Net (¥bn) Financing & Advances, Net Movement YoY (¥bn) Low double digit +11% +11% 706.4 714.8 725.1 729.3 25.9 0.3 3.0 729.3 654.3 4 4 4 4 30.4 4.4 3 18 20 21 20
Slide 30: Investments
Investments Investments increased by 9% YoY, supported by growth in SGDS, other fixed income and funds & equity Investments, Net (¥bn) Investments, Net Movement YoY (¥bn) +9% +9% 310.3 315.5 318.2 320.0 9.6 2.9 320.0 292.5 15.7 292.5 (0.7) 187 192 195 195 180 87 94 94 93 94 QoQ 26 +6% 29 +2% 29 +1%
Slide 31: Customers' Deposits
Customers' Deposits Customers’ deposits grew 10% YoY, primarily driven by domestic CASA inflows; the CASA ratio settled at 73% Customers' Deposits (¥bn) Customers' Deposits Movement YoY (¥bn) +10% +10% 626.4 658.7 639.5 636.1 10.6 1.8 0.4 636.1 579.8 43.6 26 26 29 26 31 134 133 123 146 579.8 130 466
Slide 32: Income Statement Highlights
Income Statement Highlights 18% YoY Net income growth driven by revenue uplift, cost discipline and robust risk costs ¥ (mn) 4Q 2025 4Q 2024 Δ FY 2025 FY 2024 Δ Net Income (¥mn) NSCI 7,506 6,918 +8% 29,155 27,723 +5% +15% Fee & other income 2,421 2,068 +17% 10,039 8,310 +21% 6,022 6,137 6,469 6,385
Slide 33: NSCI & Margin
NSCI & Margin 5% YoY NSCI growth from asset expansion… Achieved: 2025 Guidance Net Special Commission Income Movement YoY (¥bn) Net Special Commission Income Low-to-mid single digit growth Composition (%) +5% +5% Capital Markets 1.4 28.3 0.8 29.2 Wholesale 1.3% 27.7 27.1 0.9 0.8 37.4% 0.6 (1.9) Int'
Slide 34: NSCI & Margin: declining margin YoY
NSCI & Margin …and declining NSCI Margin YoY Net Special Commission Margin Movement YoY (%) 1 Average Earning Assets (¥bn) +11% 1,003.2 906.2 34 -15bps 29 285 261 3.02% 0.01% 2.87% 282 332 0.07% 0.02% -0.11% 334 352 -0.14% FY 24 FY 25 Retail financing Corporate financing Investments & Placements Int
Slide 35: 4Q 2025 Margin improved sequentially on lower CoF
NSCI & Margin 4Q 2025 Margin improved sequentially on lower CoF 1 1 Group NSCI Margin QTR (%) Group, excl Int'l, NSCI Margin QTR (%) 3.05% 2.98% 3.05% 2.92% 2.79% 2.80% 2.85% 2.81% 2.83% 2.82% 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 Group Commission Yield & Funding Cost QTR (%) G
Slide 36: Fee & Other Income
Fee & Other Income Fee and Other Income increased by 21% driven by investment income, FX, trade finance and International, partially offset by lower brokerage income on lower market activity Fee & Other Income (¥mn) Fee and Other Income Movement YoY (¥mn) +21% +17% 2,838 +19% 2,361 2,420 2,421 1,270
Slide 37: Operating Expenses
Operating Expenses Operating expenses declined by 11% in 2025 and by 34% YoY in 4Q 2025, resetting efficiency ratios to record lows 1 1 Operating Expenses (¥mn) Total Operating Expenses Movement YoY (¥mn) -34% -11% 2,538 2,522 2,560 10,202 -14% 2,287 1,533 9,052 8,705 115 877 794 808 1,684 7,520 634
Slide 38: Financing Credit Impairments & Cost of Risk
Financing Credit Impairments & Cost of Risk Cost of Risk normalized to 15bps after a period of material recoveries from fully provisioned exposures Impairment Charge for Financing and Advances Losses Movement Impairment Charge for Financing and Advances Losses YoY (¥mn) YoY (¥mn) +3% 960 -10% 73 551
Slide 39: Credit Quality
Credit Quality Asset quality improved, with the NPL ratio declining further to 68 basis points, partly driven by year-end write-offs… Credit Impaired Financing Movement YoY (¥bn) NPL Ratio (%) -35% 1.16% 1.13% 7.7 1.7 6.7 0.91% 5.0 0.81% 0.80% (0.8) 0.89% 1 (1.8) (0.1) 0.68% 0.78% 0.78% 0.65% -40% -
Slide 40: Credit Quality: stage-wise coverage
Credit Quality …with healthy stage-wise coverage ECL Allowance by Stage (¥bn) Total Financing & Advances, Gross by Stage (¥bn) 10.4 9.4 +11% 8.6 8.6 7.4 713.4 721.2 731.6 734.9 662.2 7 6 6 5 7 8 23 20 6 5 5 19 23 18 4 1 1 636 687 692 703 710 1 2 1 2 2 2 2 2 QoQ -9% -9% +1% -15% QoQ +8% +1% +1% +0% 4
Slide 41: Capitalization
Capitalization Capitalization remains strong, supported by solid net income generation, despite robust financing growth Total Eligible Capital (¥bn) Total Eligible Capital Movement YoY (¥bn) 175.6 166.5 167.0 157.1 157.9 +12% 11 4 9 10 17 4 18 16 20 20 25.0 1.9 4.3 175.6 157.1 (12.0) (0.6) 140 141 1
Slide 42: Liquidity
Liquidity Liquidity is strong and stable Stable Funding (¥bn/%) SAMA Loan-to-Deposit Ratio (%) 112.4% 112.3% 1,200 106.6% 114.2% 120.0% 106.6% 100.0% 786.6 1,000 730.9 761.9 765.3 90.0% 693.3 80.0% 84.0% 800 60.0% 82.5% 82.5% 82.8% 600 400 40.0% 79.2% 20.0% 200 QoQ +5% +4% +0% +3% 0 0.0% 4Q 24 1Q 25
Slide 43: Segmental Review
Segmental Review 0 7 SNB
Slide 44: Domestic (Group, Excl. Int'l)
Domestic (Group, Excl. Int’l) 17% net income before zakat growth YoY on solid revenue and cost efficiency ¥ (mn) 4Q 2025 3Q 2025 Δ 4Q 2025 4Q 2024 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 1,174,223 1,169,553 +0% 1,174,223 1,072,079 +10% +17% Financing and advances, net 709,164
Slide 45: Retail
Retail 17% net income before zakat growth YoY on cost discipline and low impairments ¥ (mn) 4Q 2025 3Q 2025 Δ 4Q 2025 4Q 2024 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 447,165 442,786 +1% 447,165 428,391 +4% +17% Financing and advances, net 351,032 346,769 +1% 351,032 340,040 +
Slide 46: Wholesale
Wholesale 17% net income before zakat growth YoY supported by operating income growth, cost efficiency and low impairments ¥ (mn) 4Q 2025 3Q 2025 Δ 4Q 2025 4Q 2024 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 693,424 694,448 -0% 693,424 620,340 +12% +17% Financing and advances, ne
Slide 47: Capital Markets
Capital Markets Net income before zakat increased 12% YoY driven by Fee & other income growth ¥ (mn) 4Q 2025 3Q 2025 Δ 4Q 2025 4Q 2024 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 33,634 32,319 +4% 33,634 23,348 +44% +12% Financing and advances, net 3,783 3,649 +4% 3,783 3,450 +10
Slide 48: International
International Net income turned positive in 2025, driven by strong operating income growth and lower impairment charges ¥ (mn) 4Q 2025 3Q 2025 Δ 4Q 2025 4Q 2024 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 35,809 37,054 -3% 35,809 32,075 +12% -276% Financing and advances, net 20,1
Slide 49: Appendix
Appendix 08 SNB
Slide 50: SNB History
SNB History SNB was founded as NCB in 1953 and then formed through the merger with Samba Financial Group in 2021 Largest Initial Public Offering (IPO) A Beginning In 2014, NCB went public with its benchmark ¥ 22.5bn In 1953, the National Commercial Bank (NCB) was IPO that was the largest the region
Slide 51: Hyperinflation
Hyperinflation Hyperinflationary adjustments came at ¥ 334mn in 2025 Classification of Turkey as a hyperinflationary economy Resulting in hyperinflation adjustments impacting Group net income1 ▪ During 2022, the Turkish economy was identified to be hyperinflationary based Hyperinflation Adjustment (
Slide 52: SNB Financial Ratio Definitions
Definitions SNB Financial Ratio Definitions Net Special Commission Income Margin Annualized Net Special Commission Income excluding FV adjustment / Average commission earning assets (NSCI Margin; also known as NIM) Cost to Income Ratio (CIR) Total Operating Expense excluding Amortization of Intangib
Slide 53: Additional Information
Additional Information Write to Us Email Us The Saudi National Bank Tower, Unit No. 778 ir@alahli.com King Abdullah Financial District 3208, Al Aqeeq District, King Fahad Road Access SNB’s current and previous Investor Disclosures Riyadh, Kingdom Of Saudi Arabia, 13519 - 6676 SNB Investor Disclosure
Slide 54: Disclaimer
Disclaimer The Saudi National Bank (SNB) prepared this presentation on a proprietary basis as general background information about the activities of SNB. The information contained herein is given in summary form and for discussion purposes only. Some of the information that is relied upon by SNB is