reports
- MarketLine Department
Bank Albilad - Company Profile and SWOT Analysis
Summary Bank Albilad - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Bank Albilad (Albilad) is a financial institution that offers Sharia-compliant products and services. The bank's main activities include retail banking, business banking, and investment services. Major pro...
- MarketLine Department
Saudi National Bank - Company Profile and SWOT Analysis
Summary Saudi National Bank - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Saudi National Bank (SNB), formerly known as The National Commercial Bank, is a financial institution that offers a variety of banking solutions. The bank's primary activities include providing conv...
- MarketLine Department
Arab National Bank - Company Profile and SWOT Analysis
Summary Arab National Bank - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Arab National Bank (ANB) provides a range of retail and wholesale banking solutions. It offers savings and current accounts, overdrafts, deposit services, personal and home loans, credit and debit ca...
- MarketLine Department
Banque Saudi Fransi - Company Profile and SWOT Analysis
Summary Banque Saudi Fransi - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Banque Saudi Fransi (Banque Saudi) is a provider of retail and corporate banking, and wealth management solutions. It offers a wide range of products such as savings accounts, current accounts, depo...
Moody's Ratings announces completion of a periodic review of ratings o...
2024 حزيران/يونيو 13ليماسول، البنك السعودي الفرنيس باإلضافة إىل تصنيفات أخرى مرتبطة هبذا الُمصدر. تقييم Moody’sحيث أعادت 2024مايو/أيار 14وُأجريت عملية المراجعة من خالل جلنة تصنيف ُعقدت بتارخي موافقة التصنيفات مع سياق مهنجية (مهنجيات) التصنيف الرئيسية ذات الصلة، والتطورات األخرية. ال يعلن هذا المنشو...
Moody's Ratings announces completion of a periodic review of ratings o...
2024 نياسن/أبريل 26، ليماسول .الُمصدر ذا مرتبطة هب البنك العريب الوطين باإلضافة إىل تصنيفات أخرى Moody’s أعادتحيث 2024أبريل/نياسن 19ُعقدت بتارخي المراجعة من خالل جلنة تصنيف عمليةوُأجريت التطورات األخرية. (مهنجيات) التصنيف الرئيسية ذات الصلة، و مهنجية سياق مع التصنيفات موافقةتقييم مأ يف المستقبل ا...
- Nauman Khan
Al Rajhi Bank: Q2 23 Company Update | Slow NIMs trajectory and moderat...
We maintain our Neutral rating on AlRajhi with a PT of SAR79.9. We expect the loan growth to slowdown in 2023f on the back of a deceleration in mortgage loans. Furthermore, the bank’s tight liquidity position along with retail focused loan book would keep margins under pressure. Hence, we have revised down our earnings estimates by c3.6% for 2023-2024f. We expect the bank to deliver a 3-year earnings (2022-2025f) CAGR of 15.9%, translating into an average ROE (after Tier I) of 21.7%. The stoc...
- Nauman Khan
Earnings call summary: BSFR Q4 22
Overview of Q4 22 results * BSFR reported a net income of SAR903mn, down 9.1% yoy (-6.1% qoq). * Net interest income increased by 27% yoy to SAR1.78bn. Non-interest income increased by 50% yoy to SAR464mn. * BSFR’s loan book expanded 7.6% yoy (+0.3% qoq) to SAR159bn. * Deposits grew 11.0% yoy (-0.1% qoq) to SAR158bn. * The bank’s L/D ratio improved yoy, but reduced qoq to 100.9% (Q4 21: 104.1%, Q3 22: 100.4%). Financing * BSFR’s loan book expanded by 7.6% yoy (+0.3%...
- Nauman Khan
Albilad: Q4 22 results analysis | Loan book qoq contraction is a key c...
Bank Albilad reported a net income of SAR540mn (+26.1% yoy, -0.2% qoq). This is in-line with the SNB Capital and consensus estimates of SAR549mn, SAR536mn, respectively. Total operating income increased by 17.7% yoy (+1.7% qoq) to SAR1.35bn and was marginally higher than our estimates. However, the impact was offset by higher than expected operating expense. Provisioning expense stood at SAR139mn (+14.3% yoy, +5.0% qoq), but was in-line with our estimates. Loan book grew by 9.9% yoy, but decl...
- Nauman Khan
Alinma: Higher provisioning impacted profitability
Alinma reported a weak set of results in Q4 22. Net income increased by 38.9% yoy (-13.0% qoq) to SAR860mn but it was lower than the SNB Capital and consensus estimates of SAR1.01bn and SAR1.03bn, respectively. The deviation was due to higher cost of funds and increased provisioning expense. Strong loan growth was the key positive of the results, which increased by 16.0% yoy (+4.6% qoq) to SAR146bn and was higher than our estimates. The bank’s liquidity has also improved, with LDR ratio decli...
- Nauman Khan
Al Rajhi Bank: Cost of funds impacted profitability
Although AlRajhi Bank reported an in-line set of Q4 22 results, we believe the underlying result trends indicate weakness. Net income grew by 9.8% yoy (+1.1% qoq) to SAR4.41bn (+1.1% qoq) and was is in-line with the SNB Capital and consensus estimates of SAR3.43bn and SAR4.39bn, respectively. However, the significant increase in cost of funds and cost to income ratio are the key highlights. Loan book increased by 25.5% yoy (+1.9% qoq) to SAR568bn, but lagged our estimates of SAR580bn. * Tota...
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