Saudi National Bank · TADAWUL:1180
Saudi National Bank — Q2 2026 Earnings Presentation
52 slides from Saudi National Bank's earnings presentation, August 2026
Slide 1: 2Q 2026 Investor Presentation
Classified as Public / عام 2Q 2026 Investor Presentation August 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 3,106 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 #4 Peer 1 1,481 Peer 1 1,073 Peer 2 1,437 Peer 2 762 Financing #2 #4 Peer 3 1,349 Peer 3 761 SNB 1,245 SNB 740 Cus
Slide 6: Leading, diversified franchise
SNB market position as of 2Q 2026 Leading, diversified franchise KSA Total Market SNB Market Share in ¥bn SNB Market Share in % Rank KSA Overall Banking (Assets) ¥ 4,812bn 1,245 3,567 26% #1 Wholesale Banking (Net Financing) ¥ 1,922bn 356 1,566 19% #1 Retail Banking (Net Financing) ¥ 1,299bn 359 940
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) 140 107.0 106.1 +20.0 105.2 120 106.0 +15.0 104.0 100 70 105.0 103.1 103.8 104.3 103.3 +10.0 104.0 +2.9 80 102.8 102.9 +5.0 61 103.0 60 +1.8 1
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 14,000 110.0 3.0 12,000 90.0 15.0 10,000 70.0 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: Strategy KPIs Review: financial KPIs
Strategy KPIs Review 1H 2026 marked steady progress towards our strategic 2027 Financial KPIs… Metrics1 2024 Baseline 2027 Targets 1H 2026 Financing growth CAGR 2024-27 ﷼654bn Low double digit 9% CASA growth CAGR 2024-27 ﷼419bn High single to low double digit 8% NSCI growth CAGR 2024-20272 ﷼
Slide 13: Strategy KPIs Review: non-financial KPIs
Strategy KPIs Review ….. and positive momentum in our non-financial 2027 KPIs Metrics 2024 Baseline 2027 Targets 1H 2026 Share of Retail digital financing sales 15% 30% 33% SNB NEO customers 1 mn <5 mn ~1.9 mn AI & Data Use Cases 3 >30 21 Organizational Health Index (OHI) Baseline +20% - Training Da
Slide 14: Financial Highlights
Financial Highlights 04 SNB
Slide 15: SNB National Banking Champion
SNB National Banking Champion SNB delivered ¥ 13.0 billion Net income for 1H 2026 and an attractive ROTE at 16.9%; SNB is at the heart of Saudi Arabia’s resilient economy and Vision 2030 transformation Strategy Market Share and Operational Customer Innovation Talent Magnet pillars Value Creation Exc
Slide 16: 2Q 2026 Financial Performance Highlights
2Q 2026 Financial Performance Highlights 1H Net income growth of 7% YoY was supported by higher Operating income, NIM expansion, cost discipline, strong credit quality, measured Asset growth and strong Deposits inflows Financing grew by ﷼10.3bn with ongoing Retail momentum, +2.4% And measured exp
Slide 17: Balance Sheet Summary
Balance Sheet Summary Assets grew 3% YTD with ongoing focus on value driven growth in Financing & Investments; Liabilities grew 2%, with a larger focus on growth of Customers’ deposits Total Assets (¥bn) Total Assets Movement YTD (¥bn) +4% +3% 1,201.0 1,206.6 1,210.0 1,228.5 1,244.7 21.6 2.5 9.5 1.6
Slide 18: Income Statement Summary
Income Statement Summary Net income increased 7% YoY, driven by higher Operating income, continued cost discipline, and strong credit quality Cumulative Net Income Attributed To Equity Holders Movement YoY (¥mn) Net Income (¥mn) +7% +8% +6% 6,423 6,606 12,159 12,212 716 251 12,939 90 13,029 6,137 30
Slide 19: Segmental Highlights
Segmental Highlights SNB’s diversified businesses sustained 6% Operating Income Growth Total Assets Movement YTD (¥bn) Total Liabilities Movement YTD (¥bn) Total Assets Composition (%) +3% +2% Capital Markets 22 3 2 1,245 10 1 1,030 2.9% 9 1,006 14 1,210 Wholesale (1) 57.5% Int'l 3.0% Retail 36.6% +
Slide 20: Outlook & Guidance
Outlook & Guidance Continued delivery against FY 2026 guidance with an updated outlook for financing growth & CoR; KSA Economy continues to demonstrate resilience Macro-Economic FY 2025 FY 20262 SNB Financial Guidance FY 2025 Baseline 1H 2026 Actual FY 2026 Guidance Status Outlook1 Real GDP Growth +
Slide 21: Debt profile update
Debt profile update 0 5 SNB
Slide 22: Term Loans, Sukuk and Debt Securities
Term Loans, Sukuk and Debt Securities Continued growth and diversification in SNB’s funding profile Debt Securities, CDs, AT1, Tier 2 and Term Loan Balances (¥bn) 1H 2026 key highlights ▪ Continued to diversify long-term funding, generating an amount totaling ﷼77.0 bn2 164.9 equivalent year-to-da
Slide 23: Sustainability Update
Sustainability Update SNB is translating its sustainability framework into stronger sustainable finance execution SNB’s refreshed sustainability framework continues to guide the Bank’s ESG priorities, with H1 2026 As of 30 June 2026, SNB had 9 outstanding sustainable instruments focused on strengthe
Slide 24: Capital position
Capital position SNB enjoys a standout Capital adequacy profile among its peers, in a region marked by healthy capitalization Capital ratios 24% CET 1 Ratio Tier 1 Ratio Total Capital Ratio 22% 22% 21% 21% 21% 20% 20% 20% 20% 19% 20% 19% 19% 19% 19% 19% 18% 18% 18% 18% 17% 17% 17% 17% 17% 17% 17% 17
Slide 25: 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: Stable Short-term A-2 associated with lending grow
Slide 26: Financial Results Details
Financial Results Details 06
Slide 27: Balance Sheet Summary
Balance Sheet Summary Assets grew 3% YTD with ongoing focus on value driven growth in Financing & Investments; Liabilities grew 2% YTD, with a larger focus on growth of Customers’ deposits Total Assets (¥bn) ¥ (mn) 2Q 2026 4Q 2025 Δ 2Q 2025 Δ Cash & interbank 89,978 67,894 +33% 80,143 +12% +4% Inves
Slide 28: Financing & Advances
Financing & Advances Financing grew by ¥ 10.3bn YTD driven by ¥ 11.5bn in Corporate & MSME and ¥ 8.3bn in Retail, with a partial offset in FI by ¥ 9.7bn FY 2026 Guidance Financing & Advances, Net (¥bn) Financing & Advances, Net Movement YTD (¥bn) Mid single digit +3% +1.4% 725.1 729.3 732.7 739.6 11
Slide 29: Investments
Investments Investments increased 1% YTD while retaining strong quality; Growth was primarily driven by Other fixed income, and Funds & equity Investments, Net (¥bn) Investments, Net Movement YTD (¥bn) +2% +1% 315.5 318.2 320.0 323.2 322.2 320.0 7.5 2.9 322.2 (0.3) 192 195 195 194 190 (8.0) 94 93 94
Slide 30: Customers' Deposits
Customers' Deposits Customers’ deposits expanded by ¥ 62bn YTD supported by strong inflows; Domestic Time & other grew 34% alongside Domestic CASA growth of 2% Customers' Deposits (¥bn) Customers' Deposits Movement YTD (¥bn) +6% +10% 658.7 665.5 698.2 52.7 2.0 698.2 639.5 636.1 26 22 25 29 26 202 63
Slide 31: Income Statement Highlights
Income Statement Highlights 1H Net income increased 8% YoY, driven by higher Operating income, continued cost discipline, and strong credit quality ¥ (mn) 2Q 2026 2Q 2025 Δ 1H 2026 1H 2025 Δ Net Income (¥mn) NSCI 7,894 7,084 +11% 15,390 14,335 +7% +8% Fee & other income 2,689 2,426 +11% 4,843 4,787
Slide 32: NSCI
NSCI 7% NSCI growth YoY driven by the positive impact of repricing and a careful management of funding costs Net Special Commission Income Movement YoY (¥mn) FY 2026 Guidance Net Special Commission Income Mid single digit Composition (%) +7% Capital Markets +5% Wholesale 1.1% 14,335 158 14,739 652 1
Slide 33: NSCI Margin
NSCI Margin 1H NSCI Margin grew to reach 2.94%, and 2Q NSCI Margin grew to 3.02%, supported by improved pricing and optimization of funding costs 1 Average Earning Assets and NSCI Margin Group NSCI Margin QTR (%) Group, excl Int'l, NSCI Margin QTR (%) YTD (¥bn) 2.95% 2.98% 2.91% 2.94% 3.02% 2.96% 98
Slide 34: Fee & Other Income
Fee & Other Income Fee & other income increased 1% YoY; growth in FX, International and Investment-related income were offset by softer Trade Finance and Capital Markets activity Fee & Other Income (¥mn) Fee and Other Income Movement YoY (¥mn) +11% +1% 2,838 2,689 -4% 2,426 2,421 2,154 4,787 750 4,8
Slide 35: Operating Expenses
Operating Expenses OpEx was contained to 2% YoY while improving sequentially by -0.4% QoQ reflecting ongoing optimization initiatives and continued cost discipline 1 1 1 Operating Expenses (¥mn) Total Operating Expenses Movement YoY (¥mn) +1% +2% 2,560 2,596 2,585 +1% 846 5,181 2,287 5,081 33 4,310
Slide 36: Financing Credit Impairments & Cost of Risk
Financing Credit Impairments & Cost of Risk Cost of risk came in at -9 bps YTD, reflecting continued prudent credit risk management Impairment Charge for Financing and Advances Losses Movement Impairment Charge for Financing and Advances Losses YoY (¥mn) YoY (¥mn) +128% 260 -145% 56 +132% (170) (577
Slide 37: Credit Quality: low NPL ratios
Credit Quality Asset quality remained strong YTD, with continued low NPL ratios… Credit Impaired Financing Movement YTD (¥mn) NPL Ratio (%) +0% 898 5,912 0.80% 5,001 153 27 5,014 0.81% 0.68% 0.67% 0.67% 1 0.78% 0.78% (167) 0.64% 0.65% 0.63% +12% -5% +8% NPLs Retail Wholesale Int'l NPLs POCI balance
Slide 38: Credit Quality: stage-wise coverages
Credit Quality …and continued healthy stage-wise coverages ECL Allowance by Stage (¥bn) Total Financing & Advances, Gross by Stage (¥bn) -12% +3% 8.6 8.6 721.2 731.6 734.9 738.3 746.2 7.4 7.4 7.5 6 6 5 5 5 23 23 20 20 19 5 5 4 4 4 692 703 710 713 722 1 2 1 2 1 2 2 2 2 2 QoQ +1% -15% +0% +2% QoQ +1%
Slide 39: Capitalization
Capitalization Capitalization remained healthy, reflecting solid earnings generation and successful AT1 issuance Total Eligible Capital (¥bn) Total Eligible Capital Movement YTD (¥bn) +12% +6% 175.6 186.3 186.8 13.0 5.5 0.3 186.8 166.5 167.0 175.6 11 12 9 10 11 22 22 18 16 17 (6.9) (0.7) 140 141 147
Slide 40: Liquidity
Liquidity Liquidity ratios remained well cushioned Stable Funding (¥bn/%) SAMA Loan-to-Deposit Ratio (%) 112% 114% 116% 119% 120% 112% 1,000 818.8 839.6 761.9 765.3 786.6 100% 90.0% 800 80% 600 60% 400 79.2% 82.8% 82.5% 77.9% 40% 80.1% 200 20% QoQ +0% +3% +4% +3% 0 0% 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 2
Slide 41: Segmental Review
Segmental Review 0 7 SNB
Slide 42: Domestic (Group, Excl. Int'l)
Domestic (Group, Excl. Int’l) 6% net income before zakat grew YoY as higher NSCI and recoveries were partly offset mainly by lower fee income ¥ (mn) 2Q 2026 2Q 2025 Δ 2Q 2026 4Q 2025 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 1,207,296 1,165,793 +4% 1,207,296 1,174,223 +3% +6% F
Slide 43: Retail
Retail Retail net income before zakat increased 9% YoY, supported mainly by higher NSCI and Fee income, as well as lower OpEx ¥ (mn) 2Q 2026 2Q 2025 Δ 2Q 2026 4Q 2025 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 455,753 430,664 +6% 455,753 447,165 +2% +9% Financing and advances, n
Slide 44: Wholesale
Wholesale Wholesale net income before zakat increased 6% YoY supported primarily by higher NSCI and Recoveries, partly offset by Fee & other income, and OpEx ¥ (mn) 2Q 2026 2Q 2025 Δ 2Q 2026 4Q 2025 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 715,359 705,615 +1% 715,359 693,424 +
Slide 45: Capital Markets
Capital Markets Capital Markets net income before zakat decreased 22% YoY primarily on lower Operating Income pressured by softer volumes traded in the overall market ¥ (mn) 2Q 2026 2Q 2025 Δ 2Q 2026 4Q 2025 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 36,185 29,514 +23% 36,185 33
Slide 46: International
International International net income before zakat grew to SAR 287mn, from a SAR-66mn loss the previous year, driven by a 62% growth in operating income on effective transformation initiatives ¥ (mn) 2Q 2026 2Q 2025 Δ 2Q 2026 4Q 2025 Δ Net Income Before Zakat & Tax Movement YoY (¥mn) Total assets 3
Slide 47: Appendix
Appendix 08 SNB
Slide 48: 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 49: Hyperinflation
Hyperinflation Hyperinflationary adjustments came at ¥ 248mn for 1H 2026 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 50: 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 51: Additional Information
Additional Information Contact 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 Disclosures
Slide 52: 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