Saudi National Bank · TADAWUL:1180
Saudi National Bank — Q1 2026 Earnings Presentation
53 slides from Saudi National Bank's earnings presentation, May 2026
Slide 1: 1Q 2026 Investor Presentation
1Q 2026 Investor Presentation May 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 3,013 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 2 1,523 Peer 1 1,059 Peer 1 1,453 Peer 4 754 Financing #2 #3 Peer 3 1,243 SNB 733 SNB 1,228 Peer 3 692 Dep
Slide 6: Leading, diversified franchise
SNB market position as of 1Q 2026 Leading, diversified franchise KSA Total Market SNB Market Share in ¥bn SNB Market Share in % Rank KSA Overall Banking (Assets) ¥ 4,744bn 1,228 3,515 26% #1 Wholesale Banking (Net Financing) ¥ 1,877bn 352 1,525 19% #1 Retail Banking (Net Financing) ¥ 1,288bn 357 931
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 +15.0 104.8 100 102 105.0 104.3 104.3 +10.0 98 80 104.0 103.1 103.8 104.0 +6.5 +5.0 +3.7 103.0 102.8 60
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) Or n n by A B nks ¥bn) 20.0 4.0 14,000 110.0 3.0 12,000 90.0 15.0 10,000 70.0 2.0 50.0 1
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
Strategy KPIs Review 1Q 2026 marked a steady progress towards our strategic KPIs Metrics1 2024 Baseline 2027 Targets 1Q 2026 Financing growth CAGR 2024-27 ¥ 654bn Low double digit 9% CASA growth CAGR 2024-27 ¥ 419bn High single to low double digit 11% NSCI growth CAGR 2024-27 ¥ 27.7bn High single di
Slide 13: Strategy KPIs Review: non-financial KPIs
Strategy KPIs Review ….. and positive momentum in non-financial 2027 KPIs Metrics 2024 Baseline 2027 Targets 1Q 2026 Share of Retail digital financing sales 15% 30% 32% SNB NEO customers 1 mn <5 mn ~1.4 mn Data Use Cases 3 >30 19 Organizational Health Index (OHI) Baseline +20% - Training Days per Em
Slide 14: Financial Highlights
Financial Highlights 04 SNB
Slide 15: SNB National Banking Champion
SNB National Banking Champion SNB delivered ¥ 6.4 billion Net income for 1Q 2026 and an attractive ROTE at 16.7%; SNB is at the heart of Saudi Arabia’s resilient economy and Vision 2030 transformation Market Share and Operational Customer Talent Innovation Value Creation Excellence Centricity Magnet
Slide 16: 1Q 2026 Financial Performance Highlights
1Q 2026 Financial Performance Highlights Continued value delivery in 1Q 2026, with Net Income growing 7% YoY Financing portfolio grew by ¥ 3.3bn with ongoing Retail momentum, +2% and slight decline in Wholesale, -0.6% Mortgages Other Retail Corporate FI MSME ¥ bn 733 ¥ bn 197 ¥ bn 159 ¥ bn 235 ¥ bn
Slide 17: Balance Sheet Summary
Balance Sheet Summary Assets grew 2% driven primarily by Cash & interbank, Financing and Investments; Liabilities grew +1%, with a healthy mix change towards Customers’ deposits T Ass s ¥bn) T Ass s M v m n TD ¥bn) +5% +2% 1,171.1 1,201.0 1,206.6 1,210.0 1,228.5 5.7 3.1 2.8 3.5 3.3 1,228.5 1,210.0 8
Slide 18: Income Statement Summary
Income Statement Summary Net income increased 7% YoY, driven by NSCI growth across core business lines, along with provision release and recoveries N n m A r bu d T Equ y H d rs M v m n ¥mn) N n m ¥mn) +7% +7% +5% 6,022 6,385 6,423 30 6,423 68 30 634 6,393 140 6,022 6,075 (32) 6,075 6,318 6,393 (53)
Slide 19: Segmental Highlights
Segmental Highlights Revenue consistently generated across all core businesses T Ass s M v m n TD ¥bn) T L b sM v m n TD ¥bn) Total Assets Composition (%) +2% +1% Capital Markets 8 6 1 3 1,228 20 3 1,014 2.8% 1,210 1,006 Wholesale 56.9% Int'l (14) (1) 3.2% Retail 37.1% +2% +1% +3% +9% +6% -2% -8% +9
Slide 20: Outlook & Guidance
Outlook & Guidance Ongoing delivery of 2026 Guidance is coupled with prudent evaluation of sustainable growth opportunities; KSA Economy continues to demonstrate resilience Macro-Economic FY 2025 FY 20262 SNB Financial Guidance FY 2025 Baseline 1Q 2026 Actual FY 2026 Guidance Status Outlook1 Real GD
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 funding profile Debt Securities, CDs, AT1, Tier 2 nd T rm L nB n s ¥bn) 1Q 2026 key highlights ▪ Secured an additional ¥ 47.6 bn2 equivalent year-to-date of CDs, Sukuk/EMTN and Term 166.3 Loan funding, further reinforcing
Slide 23: 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 24: Capital position
Capital position SNB enjoys one of the highest Capital Ratios among regional peers Capital ratios CET 1 Ratio Tier 1 Ratio Total Capital Ratio 23% 22% 22% 21% 21% 21% 20% 20% 20% 19% 20% 19% 19% 20% 19% 19% 19% 18% 18% 18% 18% 17% 18% 18% 18% 17% 17% 17% 16% 16% 16% 16% 16% 15% 15% 15% 14% 14% 15% 1
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 2% driven primarily by Cash & interbank, Financing and Investments; Liabilities grew +1%, with a healthy mix change towards Customers’ deposits T Ass s ¥bn) ¥ (mn) 1Q 2026 4Q 2025 Δ 1Q 2025 Δ +5% Cash & interbank 74,683 67,894 +10% 66,105 +13% Investments 323,201 32
Slide 28: Financing & Advances
Financing & Advances Financing was broadly stable YTD; growth in MSME +9% and Retail +2% was mostly offset by reductions in Financial Institutions FY 2026 Guidance F n n n & Adv n s, N ¥bn) F n n n & Adv n s, N M v m n TD ¥bn) High single digit +4% +0.5% 706.4 714.8 725.1 729.3 732.7 729.3 2.3 3.2 7
Slide 29: Investments
Investments Investments increased 1% YTD while retaining strong quality; Growth was primarily driven by Other fixed income instruments nv s m n s, N ¥bn) nv s m n s, N M v m n TD ¥bn) +4% 318.2 320.0 323.2 +1% 310.3 315.5 320.0 3.0 1.3 0.1 323.2 187 192 195 195 194 (1.2) 94 94 93 94 96 QoQ 29 +2% 29
Slide 30: Customers' Deposits
Customers' Deposits Customers’ deposits grew 5% YTD, supported by strong inflows; Time & other grew ¥ 18 bn alongside CASA growth of ¥ 11.4 bn Cus m rs' D s s ¥bn) Cus m rs' D s sM v m n TD ¥bn) +6% +5% 626.4 658.7 639.5 636.1 665.5 14.9 0.5 3.0 665.5 22 636.1 10.9 26 26 29 26 134 133 123 146 168 46
Slide 31: Income Statement Highlights
Income Statement Highlights Net income increased 7% YoY, driven by NSCI growth across core business lines, along with provision release and recoveries ¥ (mn) 1Q 2026 4Q 2025 Δ 1Q 2025 Δ N n m ¥mn) NSCI 7,496 7,506 -0% 7,251 +3% +7% Fee & other income 2,154 2,421 -11% 2,360 -9% 6,022 6,137 6,469 6,38
Slide 32: NSCI
NSCI 3% NSCI growth driven by higher SCI across Retail, Wholesale, Investments & placements and International despite SCE pressures N S C mm ss n n m M v m n ¥bn) FY 2026 Guidance Net Special Commission Income Mid single digit Composition (%) +3% Capital Markets +2% Wholesale 1.0% 7.3 7.1 0.1 0.3 0.
Slide 33: NSCI Margin
NSCI Margin NSCI Margin decreased 19bps YoY… Net Special Commission Margin Movement YoY (%) 1 Av r E rn n Ass s ¥bn) +9% 1,041.7 956.4 -19bps 32 31 299 274 3.05% 0.04 2.85% 303 348 0.06% -0.15% 348 362 -0.05% -0.09% 1Q 25 1Q 26 Retail financing Corporate financing Investments & Placements Int'l Av r
Slide 34: NSCI Margin
NSCI Margin …but stabilized sequentially on lower CoF 1 1 Group NSCI Margin QTR (%) Group, excl Int'l, NSCI Margin QTR (%) 3.05% 3.05% 2.85% 2.79% 2.80% 2.85% 2.81% 2.83% 2.82% 2.81% 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Group Commission Yield & Funding Cost QTR (%) Group, excl
Slide 35: Fee & Other Income
Fee & Other Income Fee & other income declined 9% YoY; Fee income from banking services, net, and FX growth were offset by lower Investment-related income and Other expenses F &O r n m ¥mn) F nd O r n m M v m n ¥mn) -9% -9% 2,838 -19% 2,420 2,421 2,360 2,360 2,154 2,107 34 59 438 2,154 1,532 1,716 9
Slide 36: Operating Expenses
Operating Expenses OpEx increased 2.7% YoY, primarily on higher Employee-related and G&A expenses, partially offset by an improvement in Depreciation & Premises; Optimization initiatives are ongoing 1 1 O r n Ex ns s ¥mn) T O r n Ex ns s M v m n ¥mn) +3% +3% 2,522 2,560 2,596 +2% 2,287 2,522 427 2,5
Slide 37: Financing Credit Impairments & Cost of Risk
Financing Credit Impairments & Cost of Risk Cost of risk came in at -32 bps, reflecting provision reversals and recoveries, coupled with prudent gross charges Impairment Charge for Financing and Advances Losses Movement m rm n C r rFn n n nd Adv n s L ss s ¥mn) ¥mn) 960 31 73 887 31 -160% (577) 35 (
Slide 38: Credit Quality
Credit Quality Asset quality remained healthy YTD, with low NPL ratios improving further… Cr d m r dFn n n M v m n TD ¥bn) NPL Ratio (%) 0.91% -1% 1.7 6.7 0.89% 0.81% 0.80% 5.0 0.1 0.0 4.9 0.78% 0.78% 0.68% 1 0.67% (0.2) 0.65% 0.63% -13% +2% +10% NPLs Retail Wholesale Int'l NPLs POCI balance Impaire
Slide 39: Credit Quality
Credit Quality …and continued healthy stage-wise coverages ECL A w n by S ¥bn) T F n n n & Adv n s, r ss by S ¥bn) -22% +3% 9.4 713.4 721.2 731.6 734.9 738.3 8.6 8.6 7 6 6 5 5 7.4 7.4 19 23 23 20 20 6 5 5 4 4 687 692 703 710 713 1 1 2 1 1 2 2 2 2 2 QoQ -9% +1% -15% +0% QoQ +1% +1% +0% +0% 1Q 25 2Q 2
Slide 40: Capitalization
Capitalization Capitalization remains robust, reflecting solid earnings generation and successful AT1 issuance T E b C ¥bn) T E b C M v m n TD ¥bn) +18% +6% 175.6 186.3 166.5 167.0 175.6 6.4 5.5 0.0 186.3 157.9 11 9 10 11 22 4 18 16 17 20 (1.2) 133 140 141 147 153 QoQ +5% +0% +5% +6% 1Q 25 2Q 25 3Q
Slide 41: Liquidity
Liquidity Liquidity ratios remain well cushioned S b Fund n ¥bn ) SAMA Loan-to-Deposit Ratio (%) 112.4% 112.3% 114.2% 116.0% 120.0% 106.6% 786.6 818.0 90.0% 1,000 730.9 761.9 765.3 100.0% 800 80.0% 82.5% 80.1% 82.8% 82.5% 600 60.0% 400 40.0% 79.2% 200 20.0% QoQ +4% +0% +3% +4% 0 0.0% 1Q 25 2Q 25 3Q
Slide 42: Segmental Review
Segmental Review 0 7 SNB
Slide 43: Domestic (Group, Excl. Int'l)
Domestic (Group, Excl. Int’l) 5% net income before zakat growth YoY on lower impairments ¥ (mn) 1Q 2026 1Q 2025 Δ 1Q 2026 4Q 2025 Δ N n m B r Z k &T xM v m n ¥mn) Total assets 1,189,338 1,137,273 +5% 1,189,338 1,174,223 +1% +5% Financing and advances, net 711,991 688,151 +3% 711,991 709,164 +0% 6,78
Slide 44: Retail
Retail Retail net income before zakat slightly decreased YoY, as operating income growth was offset by higher impairments ¥ (mn) 1Q 2026 1Q 2025 Δ 1Q 2026 4Q 2025 Δ N n m B r Z k &T xM v m n ¥mn) Total assets 455,289 439,940 +3% 455,289 447,165 +2% -1% Financing and advances, net 356,538 347,559 +3%
Slide 45: Wholesale
Wholesale 11% net income before zakat growth YoY supported primarily by Provision release and recoveries ¥ (mn) 1Q 2026 1Q 2025 Δ 1Q 2026 4Q 2025 Δ N n m B r Z k &T xM v m n ¥mn) Total assets 699,244 668,508 +5% 699,244 693,424 +1% +11% Financing and advances, net 352,254 336,987 +5% 352,254 354,350
Slide 46: Capital Markets
Capital Markets Net income before zakat decreased 11% YoY primarily on NSCI income ¥ (mn) 1Q 2026 1Q 2025 Δ 1Q 2026 4Q 2025 Δ N n m B r Z k &T xM v m n ¥mn) Total assets 34,805 28,826 +21% 34,805 33,634 +3% -11% Financing and advances, net 3,199 3,605 -11% 3,199 3,783 -15% 420 6 1 0 372 Total liabil
Slide 47: International
International Strong net income growth YoY, driven by strong operating income, cost discipline and lower impairment charges ¥ (mn) 1Q 2026 1Q 2025 Δ 1Q 2026 4Q 2025 Δ N n m B r Z k &T xM v m n ¥mn) Total assets 39,158 33,806 +16% 39,158 35,809 +9% +338% Financing and advances, net 20,666 18,279 +13%
Slide 48: Appendix
Appendix 08 SNB
Slide 49: 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 50: Hyperinflation
Hyperinflation Hyperinflationary adjustments came at ¥ 153mn for 1Q 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 Hy rn n Adjus m n ¥mn)
Slide 51: 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 52: 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 53: 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