Saudi Investment Bank (SAIB) reported net profit of SAR 503.3 million for the first quarter of 2025, a 14% increase from the SAR 442.4 million recorded in Q1 2024, according to the bank's filing on the Saudi Exchange. The result reflected higher operating income, lower provisioning costs and an improved cost-to-income ratio.
Return on equity for the quarter stood at 13.0%.
OPERATING INCOME GROWS AS PROVISIONS FALL
Operating income grew 6% year-on-year in Q1 2025, while net income from the Treasury and investments segment rose 22% year-on-year. The bank attributed the segment's growth to higher net special commission income and a 22% rise in fee and other income, largely from higher realised gains on financial instruments.
Provisions for credit losses fell 25% year-on-year.
The cost-to-income ratio improved to 41.2% from 43.0% in Q1 2024.
BALANCE SHEET
SAIB's total assets rose 5% year-to-date to SAR 163.8 billion, with loans and advances up 5% and customer deposits up 8%.