Saudi National Bank · TADAWUL:1180
Saudi National Bank — Q3 2025 Earnings Presentation
54 slides from Saudi National Bank's earnings presentation, November 2025
Slide 1: 3Q 2025 Investor Presentation
3Q 2025 Investor Presentation November 2025
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 3,068 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 1 1,431 Peer 1 1,031 Peer 2 1,411 Peer 4 756 Financing #2 #3 SNB 1,207 SNB 725 Peer 3 1,163 Peer 3 616 De
Slide 6: SNB market position as of 3Q 2025
SNB market position as of 3Q 2025 Leading, diversified franchise KSA Total Market SNB Market Share in ¥bn SNB Market Share in % Rank KSA Overall Banking (Assets) ¥ 4,628Bn 1,207 3,421 26% #1 Wholesale Banking (Domestic Financing) ¥ 1,820Bn 347 1,473 19% #1 Retail Banking (Domestic Financing) ¥ 1,278
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 +20.0 120 106.0 105.1 +15.0 105.1 105.0 104.6 100 103.8 +10.0 104.0 103.0 103.8 103.9 +5.1 80 68.0 +5.0 +4.6 103.0 102.7 +4.3
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 14.3 10,000 2
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: 2027 financial targets
SNB Strategy 2025-2027 2027 financial targets Area Metrics1 2024F Baseline 2027 Targets Key Targets Financing Growth CAGR 2024-27 ¥ 654bn Low teens Growth CASA Growth CAGR 2024-27 ¥ 419bn Low teens Growth NSCI Growth CAGR 2024-27 ¥ 27.7bn Low double digit Banking Fee Income Growth CAGR 2024-27 ¥ 4.6
Slide 13: 3Q 2025 marked positive progress across our strategic KPIs
3Q 2025 Key Highlights 3Q 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 finan
Slide 14: Positive momentum on each of the strategic themes
3Q 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 Grew loans by 11% Turnaround time improved Launched first Key functionalities Introduced flagship 3Q 2
Slide 15: Financial Highlights
Financial Highlights 04 SNB
Slide 16: 9M 2025 CEO Highlights
9M 2025 CEO Highlights Strong progress against our strategy — sustaining profitable growth through customer centric approach, innovation focus and operational excellence Financing ¥ 725bn Wholesale (+20%) +11% YTD CASA +¥ 68bn +16% YTD Growth Across Core Retail (+3%) CASA Ratio at 76.2% Customer-cen
Slide 17: 9M 2025 Financial Performance Highlights
9M 2025 Financial Performance Highlights SNB delivered another quarter of record net income, driven by strong balance sheet growth, robust core revenues, improved cost discipline, and solid credit quality Strong financing growth from Wholesale financing and Mortgage expansion with a decreasing NPL r
Slide 18: Balance Sheet Summary
Balance Sheet Summary Balance sheet expansion of 9% YTD mainly from financing & investment growth, supported by a 10% increase in domestic customers’ deposits Total Assets (¥bn) Total Assets Movement YTD (¥bn) +9% +9% 1,201.0 1,206.6 67.3 5.0 1,206.6 1,104.2 91 88 26.0 94 1,104.2 10.6 (6.5) 715 725
Slide 19: Income Statement Summary
Income Statement Summary 19% 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) +19% +21% +19% 6,137 6,469 316 990 18,648 18,628 5,366 32 15,724 911 1,125 1
Slide 20: Segmental Highlights
Segmental Highlights Solid net income contribution from Wholesale, slightly offset by Capital Markets Total Assets Movement YTD (¥bn) Total Liabilities Movement YTD (¥bn) Total Assets Composition (%) +9% +11% Capital Markets 74 9 5 1,207 79 4 5 1,010 2.7% 14 11 Wholesale 1,104 911 Int'l 57.6% 3.1% R
Slide 21: Outlook & Guidance
Outlook & Guidance Upgrades to FY 2025 guidance reflect solid performance momentum, deepening innovation and improved cost efficiencies, leading to sustained profitability enhancements Macro-Economic FY 2024 FY 20252 SNB Financial Guidance FY 2024 Baseline 9M 2025 FY 2025 Guidance Status Outlook1 ¥
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) 9M 2025 key highlights 137.4 ▪ Expanded global funding presence across key markets via multi-currency issuances (SGD, CNH, AUD, HKD...), levera
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 KSA and GCC banks capital adequacy ratios CET1 ratio Tier 1 ratio Total capital ratio 21.9% 21.1% 20.8% 20.6% 20.3% 19.5% 19.6% 19.7% 19.5% 19.2% 19.3% 19.1% 19.2% 18.9% 18.7% 18.3% 18.1% 18.3% 17.6% 17.7% 17.8% 17.5%
Slide 26: Credit Ratings: External Ratings Update
Credit Ratings External Ratings Update Rating Agency Saudi Arabia SNB Ratings SNB Outlook Quotes A Long-term A- “The stable outlook reflects our expectation that SNB will 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 9% YTD mainly from financing & investment growth, supported by a 10% increase in domestic customers’ deposits Total Assets (¥bn) ¥ (mn) 3Q 2025 3Q 2024 Δ 4Q 2024 Δ +9% Cash & interbank 75,582 86,091 -12% 63,208 +20% 1,171.1 1,201.0 1,206.6 Investments
Slide 29: Financing & Advances
Financing & Advances An 11% YTD increase in financing fueled by Wholesale financing and mortgages Financing & Advances, Net (¥bn) Financing & Advances, Net Movement YTD (¥bn) 2025 Guidance Low double-digit +11% +11% 706.4 714.8 725.1 48.6 8.6 0.2 3.5 725.1 655.3 654.3 4 4 4 3 3 18 20 21 18 17 39 40
Slide 30: Investments
Investments Investments increased by 9% YTD, supported by growth in SGDS, other fixed income and funds & equity Investments, Net (¥bn) Investments, Net Movement YTD (¥bn) +9% +9% 310.3 315.5 318.2 9.0 2.3 318.2 290.5 292.5 14.7 292.5 (0.3) 180 187 192 195 178 87 87 94 94 93 QoQ 25 +1% 26 +6% 29 +2%
Slide 31: Customers' Deposits
Customers' Deposits Customers’ deposits grew 10% YTD, primarily driven by domestic CASA inflows; this contributed to an improved CASA ratio of 76.2% Customers' Deposits (¥bn) Customers' Deposits Movement YTD (¥bn) +10% +10% 634.2 626.4 658.7 639.5 67.9 579.8 0.4 3.7 639.5 26 31 26 29 31 134 133 123
Slide 32: Income Statement Highlights
Income Statement Highlights Net income growth driven by revenue uplift, cost discipline and low impairments reflecting strong asset quality ¥ (mn) 3Q 2025 3Q 2024 Δ 9M 2025 9M 2024 Δ Net Income (¥mn) NSCI 7,308 6,841 +7% 21,649 20,805 +4% +21% Fee & other income 2,838 2,350 +21% 7,619 6,242 +22% 6,0
Slide 33: NSCI & Margin: 4% YoY NSCI growth
NSCI & Margin 4% YoY NSCI growth from asset expansion… 2025 Guidance Net Special Commission Income Movement YoY (¥bn) Low-to-mid single digit Net Special Commission Income growth Composition (%) +4% +5% Capital Markets 1.1 Wholesale 1.4% 20.8 20.3 0.7 0.4 21.2 0.5 21.6 36.9% Int'l 0.5 (1.3) 2.5% +5%
Slide 34: NSCI & Margin: declining NSCI Margin YoY
NSCI & Margin …and declining NSCI Margin YoY Net Special Commission Margin Movement YoY (%) 1 Average Earning Assets (¥bn) +10% 994.1 906.9 -15bps 33 31 283 265 3.03% 0.06% 2.88% 279 328 0.04% -0.08% 332 350 -0.02% -0.14% 9M 24 9M 25 Retail financing Corporate financing Investments & Placements Int'
Slide 35: 3Q 2025 Margin was stable despite higher CoF
NSCI & Margin 3Q 2025 Margin was stable despite higher CoF 1 1 Group NSCI Margin QTR (%) Group, excl Int'l, NSCI Margin QTR (%) 3.05% 2.92% 3.05% 2.94% 2.89% 2.98% 2.79% 2.80% 2.82% 2.83% 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 Group Commission Yield & Funding Cost QTR (%) Group,
Slide 36: Fee & Other Income
Fee & Other Income Fee and Other Income increased by 22% driven by investment income, FX, trade finance and International, partly offset by lower brokerage income Fee & Other Income (¥mn) Fee and Other Income Movement YoY (¥mn) +21% +22% 2,838 2,350 2,084 2,361 2,420 +20% 1,532 919 7,619 1,060 886 9
Slide 37: Operating Expenses
Operating Expenses Operating expenses declined by 4% for 9M 2025 and by 14% YoY in 3Q 2025; cost-to-income ratios improved to record levels 1 Operating Expenses (¥mn) Total Operating Expenses Movement YoY (¥mn) 1 -14% -4% 2,664 2,548 2,522 2,560 -5% 2,287 7,664 1,096 7,368 6,587 6,272 859 887 794 80
Slide 38: Financing Credit Impairments & Cost of Risk
Financing Credit Impairments & Cost of Risk Cost of Risk came in at 2bps, supported by recovery efforts with meaningful inflows from fully provisioned and legacy exposures Impairment Charge for Financing and Advances Losses Movement Impairment Charge for Financing and Advances Losses YoY (¥mn) YoY (
Slide 39: Credit Quality: NPL Ratio
Credit Quality Asset quality improved with the NPL Ratio decreasing to 80 basis points... Credit Impaired Financing Movement YTD (¥bn) NPL Ratio (%) -24% 1.16% 2.2 8.0 1.13% 7.7 5.9 1.09% 1.13% (0.8) (1.0) (0.1) 0.91% 0.81% 1 0.89% 0.80% -36% -19% -14% 0.78% NPLs Retail Wholesale Int'l NPLs POCI bal
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) 11.2 +10% 10.4 9.4 8.6 8.6 713.4 721.2 731.6 663.5 662.2 7 6 6 5 8 8 19 23 23 7 27 18 6 5 5 4 687 692 703 629 636 1 1 1 2 2 2 2 2 2 QoQ -7% -9% -9% +1% QoQ -0% +8% +1% +1% 3
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 YTD (¥bn) 166.5 167.0 +6% 150.2 157.1 157.9 4 9 10 4 18 16 18.6 6 20 20 2.1 1.2 167.0 14 157.1 (0.0) (12.0) 129 133 133
Slide 42: Liquidity
Liquidity Liquidity is strong and stable Stable Funding (¥bn/%) SAMA Loan-to-Deposit Ratio (%) 112.4% 106.6% 106.6% 112.3% 120.0% 109.4% 1,000 761.9 765.3 100.0% 707.3 693.3 730.9 90.0% 800 80.0% 600 60.0% 82.8% 400 40.0% 79.8% 84.0% 82.5% 200 20.0% 79.2% QoQ -2% +5% +4% +0% 0 0.0% 3Q 24 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) 19% net income before zakat growth YoY on solid revenue and low impairments ¥ (mn) 3Q 2025 2Q 2025 Δ 3Q 2025 4Q 2024 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 1,169,553 1,165,793 +0% 1,169,553 1,072,079 +9% +19% Financing and advances, net 704,412
Slide 45: Retail
Retail 10% net income before zakat growth YoY on cost discipline and low impairments ¥ (mn) 3Q 2025 2Q 2025 Δ 3Q 2025 4Q 2024 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 442,786 431,140 +3% 442,786 428,303 +3% +10% Financing and advances, net 353,462 343,192 +3% 353,462 343,586 +
Slide 46: Wholesale
Wholesale 29% net income before zakat growth YoY supported by operating income growth and low impairments ¥ (mn) 3Q 2025 2Q 2025 Δ 3Q 2025 4Q 2024 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 694,448 705,139 -2% 694,448 620,429 +12% +29% Financing and advances, net 347,301 348,175
Slide 47: Capital Markets
Capital Markets Net income before zakat increased 4% YoY impacted by lower market activity ¥ (mn) 3Q 2025 2Q 2025 Δ 3Q 2025 4Q 2024 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 32,319 29,514 +10% 32,319 23,348 +38% +4% Financing and advances, net 3,649 3,910 -7% 3,649 3,450 +6% 1,
Slide 48: International
International Net income before zakat turned positive, driven by strong fee & other income and lower impairment charges ¥ (mn) 3Q 2025 2Q 2025 Δ 3Q 2025 4Q 2024 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 37,054 35,205 +5% 37,054 32,075 +16% +174% Financing and advances, net 20,6
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 ¥ 274mn for 9M 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 Adjustme
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