Banque Saudi Fransi Reports SAR 1.34 Billion Q1 2025 Profit, Up 16% Year-on-Year

Banque Saudi Fransi (BSF) reported first-quarter 2025 net profit of SAR 1.34 billion, a 16% increase year-on-year from SAR 1.15 billion, according to the bank's earnings disclosure. Diluted earnings per share rose to SAR 0.50 from SAR 0.44 (basic EPS SAR 0.54 versus SAR 0.46) in the comparable period of the prior year.

The profit growth was driven principally by higher returns from financing and investments. Gross special commission income increased 9.8% year-on-year, and net special commission income rose by more than 10% over the same period.

COMMISSION INCOME

Gross special commission income, which encompasses returns on the bank's financing assets and investment securities, grew 9.8% year-on-year in the quarter. The corresponding net figure — after deducting the cost of funding — rose by more than 10%.

BSF occupies a mid-tier position within the Saudi banking landscape and competes with larger institutions including Saudi National Bank and Al Rajhi Bank, as well as other regional peers with similar balance sheet scale.

Total assets rose 13% year-on-year to SAR 303.6 billion, loans grew 12.7% to SAR 209 billion and customer deposits rose 9.1% to SAR 190.7 billion. Net impairment charges rose 1.4%, as higher charges on investments and other financial assets offset lower impairments on loans and advances.