RIYADH: According to market filings, Saudi Arabia’s biggest lenders, including Saudi National Bank, Al Rajhi Bank, and Riyad Bank, reported better first-half earnings in 2026 due to strong lending growth, stable operational income, and improving liquidity.
In the first half of 2026, SNB, the biggest bank in the Kingdom, reported a net profit of SR13.02 billion ($3.47 billion), up 7.15 percent from the same period the previous year. Riyad Bank recorded net income of SR5.26 billion, up 3.54 percent, while Al Rajhi Bank reported the largest first-half profit among Saudi lenders at SR13.76 billion, a 14.15 percent year-over-year rise.
Alinma Bank also reported strong results, with first-half net profit up 6.24 percent year over year to SR3.27 billion. As the Kingdom’s economic diversification propels lending across industries like housing, infrastructure, tourism, and corporate investment, Saudi banks have continued to profit from robust credit demand.
The Saudi Central Bank reports that total bank credit to the private sector hit a record SR3.2 trillion in May, up 16.2 percent year over year. This highlights the ongoing growth in financing activities that has bolstered earnings growth.
Also Read:
Shamzani Hussain | Shaping the Future of the Financial Industry by Innovating and Making an Impact
Dr. Sofica Bistriceanu | Bridging Medicine, Research, and Human Connection
