Al Rajhi Bank has reported net income of SAR 5,906 million for the first quarter of 2025, a 34.1% increase year-on-year, while total assets crossed the SAR 1 trillion mark for the first time in the Saudi lender's history, reaching SAR 1.023 trillion, according to the bank's earnings release published on its investor relations website.
Operating income rose 27.3% year-on-year to SAR 9,200 million. The net interest margin widened by 13 basis points year-on-year to 3.16%, and return on equity stood at 23.1%.
FINANCING, ASSET QUALITY AND CAPITAL
Net financing reached SAR 722.8 billion, up 18.7% year-on-year.
The non-performing loan ratio stood at 0.74%. The tier 1 capital ratio was reported at 19.8% (CET1 15.8%).
Al Rajhi Bank was founded in 1957 and began as a currency exchange business.
COST EFFICIENCY
The bank's cost-to-income ratio improved to 22.7% from 26.2% a year earlier.
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