Banque Saudi Fransi · TADAWUL:1050
Banque Saudi Fransi — 9M 2025 Earnings Presentation
23 slides from Banque Saudi Fransi's earnings presentation, Oct 28, 2025
Slide 1: BSF 9M 2025 Earnings Presentation
BSF 9M 2025 Earnings Presentation 28 October 2025
Slide 2: Highlights & Strategy Update
Highlights & Strategy Update
Slide 3: 19% net income growth YoY supported by the healthy top-line growth
19% net income growth YoY supported by the healthy top-line growth Balance Sheet Loans & Investments Customers' Loan growth of 7% YoY, driven by Advances Deposits both commercial (+5%) and 215.6 65.8 185.9 consumer (+19%). Investments increased 13% YoY to manage IR risk while capturing higher yi
Slide 4: Improved cost of risk with comfortable capital and liquidity
Improved cost of risk with comfortable capital and liquidity Asset Quality NPL Ratio NPL Cost of Risk NPL ratio up by 17bps YoY, due Coverage to higher NPL in commercial 0.99% 174.5% 0.44% portfolio partly offset by lower NPL in consumer portfolio. Coverage ratio remains robust. Improved overall
Slide 5: Looking back, Moving Forward: The 2030 Strategy
Looking back, Moving Forward: The 2030 Strategy Closing a Chapter: 2021-2025 Strategy The Next Chapter: Our 2030 Strategy As our current five-year strategy (2021–2025) comes With a solid foundation in place, we now look to an end, we reflect on a period defined by forward to an aspirational 2030 str
Slide 6: Financial Highlights
Se Financial @ = | Highlights
Slide 7: Balance sheet growth driven by loan growth, interbank and investments
Balance sheet growth driven by loan growth, interbank and investments Balance Sheet Total Assets Movement YTD (¥ Bn) Growth in total assets of 7% YTD, mainly driven by 6% loan growth, further aided by an increase in investments and interbank lending. +7% The investment portfolio expanded by 8% Y
Slide 8: 6% YTD loan growth from both commercial and consumer sectors
6% YTD loan growth from both commercial and consumer sectors Loans & Advances Loans & Advances (¥ Bn) Total loans and advances grew 7% YoY, driven by growth in both consumer and commercial lending. YTD growth was 6%, supported by increases in both commercial and +6% consumer loans. 204.2 209.9 215
Slide 9: YTD deposits remain broadly stable
YTD deposits remain broadly stable Customers’ Deposits Customers' Deposits (¥ Bn) Deposits remained stable YTD, as higher NIBDs offset a decline in IBDs. +0% IBDs decreased by 2% YTD, due to lower corporate deposits, while NIBDs rose 3% YTD, mainly supported by retail inflows, partly offset by a
Slide 10: Net income grew 19% YoY from higher operating income, lower cost of risk and positive jaws
Net income grew 19% YoY from higher operating income, lower cost of risk and positive jaws Income Statement Net Income (¥ Mn) Net income for 9M 2025 grew 19% YoY to ¥ 4,094mn from higher operating income, lower cost of risk and positive jaws. +18% Total operating income increased 12% driven by a
Slide 11: 11% YoY growth in NII driven by earning assets growth and modest margin expansion
11% YoY growth in NII driven by earning assets growth and modest margin expansion Net Interest Income Net Interest Income Movement YoY (¥ Mn) NII for 9M 2025 increased by 11% YoY to ¥ 6,476mn, driven by 11% average earnings assets growth and modest margin expansion. +11% Interest income rose 7%
Slide 12: NIM trends reflect rate cuts and funding costs shifts
NIM trends reflect rate cuts and funding costs shifts Net Interest Margin YTD NIM Trend Quarterly NIM Trend NIM improved by 1 bps YoY to 3.06% for 9M 2025, supported by a lower cost of funding and 6.37% 6.30% 6.12% 6.15% 6.15% 6.05% hedging gains, partially offset by a decline in interest yields f
Slide 13: BSF has limited sensitivity to interest rate changes
BSF has limited sensitivity to interest rate changes NIM Sensitivity Balance Sheet Repricing Profile As of 30 September 2025, BSF estimates a 1-year NIM sensitivity of a 100bps rates change as at 31 December 2024 (¥ Bn) at ±4bps; this would translate into a ¥ ±117mn NII delta. 180.0 The net open
Slide 14: Non-interest income increased 16% YoY on higher investment and exchange income
Non-interest income increased 16% YoY on higher investment and exchange income Non-Interest Income Non-interest Income Movement YoY (¥ Mn) Non-interest income for 9M 2025 increased 16% YoY to ¥ 1,439mn on higher investment- related income, exchange and other income, as well as improved net fee & c
Slide 15: Operating expenses rose 6% YoY on higher G&A and declined marginally QoQ
Operating expenses rose 6% YoY on higher G&A and declined marginally QoQ Operating Expenses Operating Expenses (¥ Mn) Operating expenses increased 6% YoY to ¥ 2,594mn in 9M 2025 mainly due to increased general and administrative expenses and higher depreciation. 3Q 24 857 Cost to income ratio de
Slide 16: Cost of risk decreased by 12bps YoY to 0.44% for 9M 2025
Cost of risk decreased by 12bps YoY to 0.44% for 9M 2025, driven by lower commercial charges, recoveries from impaired assets and overall portfolio growth Impairment Charge Impairment Charge (¥ Mn) The total impairment charge for 9M 2025 decreased by 9% YoY to ¥ 752mn, from lower commercial impair
Slide 17: Credit quality remains strong with modest increase in NPL ratio with robust coverage
Credit quality remains strong with modest increase in NPL ratio with robust coverage NPL & NPL Coverage NPL Ratio (%) The NPL ratio increased 6bps YTD to 0.99% as NPLs increased by 12% relative to 6% gross loan growth. 0.99% The NPL coverage ratio decreased by 7.2ppts YTD to 174.5%, mainly from
Slide 18: Liquidity remains strong and comfortably within regulatory limits
Liquidity remains strong and comfortably within regulatory limits Liquidity LTD Ratios (%) Headline LTD Ratio LTD SAMA ratio LCR decreased by 1.8ppts YTD to 160.4% during 9M 2025. NSFR rose by 7ppts YTD to 120% as of 30 September 2025. 114.9% 116.0% 110.3% 109.6% The SAMA regulatory LTD ratio
Slide 19: Strong capital ratios
Strong capital ratios Capital Total Capital Movement YTD (¥ Bn) Total capital (Tier 1 + Tier 2 regulatory capital) increased 17% YTD to ¥ 58.2bn during 9M +17% 2025 from Tier 2 issuance of USD 1bn in 3Q 2025 and Tier 1 issuance of USD 650m in 2Q 2025, net income and OCI, partially offset by the di
Slide 20: Loan growth, NIM and cost of risk expectations adjusted; ROE unchanged
Loan growth, NIM and cost of risk expectations adjusted to reflect evolving market conditions, but ROE expectations remain unchanged Metric 9M 2025 Outcome 2025 Guidance 3Q 2025 Revision Guidance Drivers Revised down The guidance was revised to reflect continued Loans & Advances Growth +5.6% YTD Mid
Slide 21: Questions & Answers
Questions & Answers @ BSF
Slide 22: Please contact the Investor Relations team for additional information
Please contact the Investor Relations team for additional information or download BSF’s IR App For more information, please contact us at: Access our IR website: BSF BSF IR Website P.O. Box 56006, Riyadh 11554 Kingdom of Saudi Arabia Find our financial disclosures: IR@bsf.sa Financial Disclosures BS
Slide 23: Disclaimer
Disclaimer This presentation is being provided to you for general information purposes. The information contained in the presentation has been obtained from sources believed by BSF to be up to date, correct and reliable, but BSF does not make any representation or warranty, express or implied, with