Saudi National Bank · TADAWUL:1180
Saudi National Bank — Q2 2025 Earnings Presentation
27 slides from Saudi National Bank's earnings presentation, Aug 5, 2025
Slide 1: 2Q 2025 Earnings Presentation
2Q 2025 Earnings Presentation 5 August 2025
Slide 2: 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
Slide 3: Table of Contents
Table of Contents CEO’s Opening Remarks 01 Progress on Strategy 02 2Q 2025 Financials 03 Our goal is to propel the nation’s progress towards Vision 2030 and beyond by spearheading technological Appendix 04 innovation, encouraging progressive thinking, and using our expertise to provide the best oppo
Slide 4: CEO's Opening Remarks
CEO's Opening Remarks 0 1 SNB
Slide 5: 1H 2025 CEO Highlights
1H 2025 CEO Highlights Strong progress against our strategy — delivering growth, innovation and operational excellence Growth Across Core Banking Metrics Disciplined Cost and Capital Management Financing ¥ 715bn Wholesale (+20%) +9% YTD CASA +¥ 81bn +19% YTD Opex growth +2% YoY Group CIR 26.6% Retai
Slide 6: Progress on Strategy
Progress on Strategy 0 2 SNB
Slide 7: 2Q 2025 marked positive progress across our strategic KPIs
2Q 2025 Key Highlights 2Q 2025 marked positive progress across our strategic KPIs Market share and value creation Grow Financing market share Drive CASA acquisition SNB Capital leadership CASA Growth, CAGR 2024-27 AUM market Total financing market share Wholesale financing market share Retail financ
Slide 8: …with positive momentum gained on each of the strategic themes
2Q 2025 Key Highlights …with positive momentum gained on each of the strategic themes Market share and Operational Customer Innovation Key pillars Talent magnet value creation excellence centricity Recalibrated risk appetite Credit approval Set up after sales Launched new digital Introduced a strate
Slide 9: 2Q 2025 Financials
20 2025 Financials 03 SNB
Slide 10: 2Q 2025 Financial Performance Highlights
2Q 2025 Financial Performance Highlights SNB delivered record net income, supported by strong balance sheet growth, robust core revenue, continued cost discipline and solid credit quality Strong financing growth from Wholesale financing and Mortgage expansion with a decreasing NPL ratio2 Retail Mort
Slide 11: Balance Sheet Summary
Balance Sheet Summary Balance sheet expansion of 9% YTD mainly from financing growth, supported by a 14% increase in domestic customers’ deposits Total Assets (¥bn) Total Assets Movement YTD (¥bn) +9% +9% 1,171.1 1,201.0 58.2 3.1 1,201.0 1,104.2 88 91 23.2 94 1,104.2 15.8 (3.5) 706 715 654 +3% 292 3
Slide 12: Financing & Advances
Financing & Advances A 20% increase in Wholesale financing fueled total financing growth YTD; Retail was tempered by offsets in HNW and SRC sale Financing & Advances, Net (¥bn) Financing & Advances, Net Movement YTD (¥bn) 2025 Guidance Low double-digit +9% +9% 706.4 714.8 7.9 0.5 2.4 714.8 654.3 4 4
Slide 13: Investments
Investments Investments increased by 8% YTD, supported by growth in SGDS, Other fixed income and Funds & equity Investments, Net (¥bn) Investments, Net Movement YTD (¥bn) +8% +8% 315.5 7.6 3.5 315.5 292.5 310.3 12.1 292.5 (0.3) 180 187 192 +2% 87 94 QoQ 94 26 29 29 +7% +9% +9% -5% 4Q 24 1Q 25 2Q 25
Slide 14: Customers' Deposits
Customers' Deposits Customers’ deposits grew 14% YTD, primarily driven by domestic CASA inflows; this contributed to an improved CASA ratio of 75.9% Customers' Deposits (¥bn) Customers' Deposits Movement YTD (¥bn) +14% +14% 626.4 658.7 579.8 80.9 2.7 658.7 26 26 31 134 133 130 579.8 (4.7) (0.1) 466
Slide 15: Income Statement Summary
Income Statement Summary 18% YoY Net income growth driven by revenue uplift, cost discipline and better risk costs, reflecting strong asset quality Net Income Attributed To Equity Holders Movement YoY (¥mn) Net Income (¥mn) +18% +17% +18% 6,022 6,137 669 983 12,212 12,159 5,231 1 10,270 10,337 521 (
Slide 16: NSCI & Margin
NSCI & Margin 3% YoY NSCI growth from earning asset expansion offset by margin reduction 2025 Guidance Low-to-mid single digit 1 Net Special Commission Income Movement YoY (¥bn) growth NSCI Margin QTR (%) +3% +0% 3.08% +4% 3.05% 7.1 7.3 7.1 3.07% 0.3 0.7 0.3 14.3 2.98% 14.0 13.5 0.4 14.0 0.2 3.05% 0
Slide 17: Fee & Other Income
Fee & Other Income Fee and Other Income growth accelerated, driven by FX, investment income, trade finance and International, partly offset by lower brokerage income Fee and Other Income Movement YoY (¥mn) Fee & Other Income (¥mn) +23% +30% +19% 2,361 2,420 537 4,781 264 259 4,243 1,864 284 3,892 3,
Slide 18: Operating Expenses
Operating Expenses Domestic Operating expenses held steady; both Group and Domestic CIR improved further 1 1 Total Operating Expenses, Excl Intangibles Amortization Movement YoY (¥mn) Operating Expenses (¥mn) +2% +1% +0% 2,543 2,522 2,560 5,000 772 5,081 4,293 15 136 4,310 351 386 386 707 (14) (121)
Slide 19: Financing Credit Impairments & Cost of Risk
Financing Credit Impairments & Cost of Risk Cost of Risk came in at -4bps, supported by recovery efforts with meaningful inflows from fully provisioned and legacy exposures across both Retail and Wholesale Impairment Charge for Financing and Advances Losses Movement Impairment Charge for Financing a
Slide 20: Credit Quality
Credit Quality Asset quality improved with the NPL Ratio decreasing to 0.81% Credit Impaired Financing (¥mn) NPL Ratio (%) -24% 7,692 1.13% 1.16% 423 6,486 1.11% 0.91% 5,828 1 327 0.81% 335 1.08% 1.09% 1.13% 0.89% 0.78% 7,269 6,159 -10% 5,493 QoQ 4Q 24 1Q 25 2Q 25 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 Group
Slide 21: Capitalization & Liquidity
Capitalization & Liquidity Capitalization remains strong, supported by solid net income generation and AT1 & T2 issuances, despite robust financing growth and dividends in 1H 2025 Capitalization Ratios (%) 2025 Guidance Total Eligible Capital Movement YTD (¥bn) Tier 1 CAR: 19-20% 20.8% +6% 19.4% 19.
Slide 22: Outlook & Guidance
Outlook & Guidance Updating 2025 guidance, including the upgrade of full-year profitability outlook Macro-Economic FY 2024 FY 20252 SNB Financial Guidance FY 2024 Baseline 1H 2025 FY 2025 Guidance Status Outlook1 ¥ 715bn Real GDP Growth +2.0% +4.6% Financing Growth ¥ 654bn Low double digit +9% YTD U
Slide 23: Questions & Answers
Questions & Answers SNB
Slide 24: Appendix
Appendix 04 SNB
Slide 25: 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 26: 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 27: 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