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- 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
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...
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...
- 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
Banque Saudi Fransi: Broadly in line results despite higher provisions
BSFR reported a net income of SAR961mn, up 6.0% yoy (+14.8% qoq). This is broadly in-line with the SNB Capital and consensus estimates of SAR912mn and SAR915mn, respectively. The growth in the net income is attributed to higher NSCI, which increased by 15.6% yoy (+13.6% qoq) to SAR1.64bn. However, it was in-line with our estimates of SAR1.61bn. It was partially offset by higher provisioning expense, which increased by 38.4% yoy (+25.4% qoq) to SAR400mn. The earning deviation was primarily on ...
- Nauman Khan
Banque Saudi Fransi: Strong loan growth and higher provisions
BSFR reported a net income of SAR837mn, up 8.7% yoy (-4.3% qoq). This is lower than the SNB Capital and consensus estimates of SAR944mn and SAR872mn, respectively. The growth of 8.9% yoy (+7.9% qoq) in NSCI supported earnings growth while the deviation from our estimates is mainly due to higher provisioning expense, which increased by 19.9% yoy (+16.4% qoq), and lower fee and other income. * Revenues increased by 8.1% yoy (+2.4% qoq) to SAR1.90bn, in-line with our estimate. NSCI increased 8....
Moody's assigns (P)A2 rating to Banque Saudi Fransi's backed MTN progr...
بيان صحفي بيان صحفي للنشر الفوري جهات االتصال كريستوس ثيوفيلو محلل أول -نائب الرئيس مجموعة المؤسسات المالية Moody's Investors Service Cyprus Ltd. Porto Bello Building 1, Siafi Street, 3042 Limassol 53205صندوق البريد Limassol CY 3301 قبرص 5456 7772 20 44 الصحفيون: 5454 7772 20 44خدمة العمالء: هنري...
Moody's assigns National Scale Ratings to Banque Saudi Fransi (Arabic ...
بيان صحفي بيان صحفي للنشر الفوري جهات االتصال كريستوس ثيوفيلو محلل أول -نائب الرئيس مجموعة المؤسسات المالية Moody's Investors Service Cyprus Ltd. Porto Bello Building 1, Siafi Street, 3042 Limassol 53205صندوق البريد Limassol CY 3301 قبرص 5456 7772 20 44 الصحفيون: 5454 7772 20 44خدمة العمالء: هنري...
Moody's assigns National Scale Ratings to Banque Saudi Fransi
Moody's Investors Service ("Moody's") has today assigned National Scale Ratings (NSRs) for the long-and short-term bank deposit ratings of Banque Saudi Fransi (BSF) at Aa2.sa/SA-1 as well as the long and short-term Counterparty Risk Ratings (CRRs) at Aa1.sa/SA-1. NSRs provide a measure of relative...
- Nauman Khan
Banque Saudi Fransi: Higher revenues, lower provisions drive earnings
BSFR reported an in-line set of results with a net income of SAR875mn, up 12.2% yoy (-11.9% qoq). This compares to the SNB Capital and consensus estimates of SAR862mn and SAR874mn, respectively. The growth is primarily mainly attributed to lower provisioning and operating expense, which declined by 5.2% yoy (+64.1% qoq) and 1.7% yoy (+31.5% qoq), respectively. * Revenues increased 3.1% yoy (+7.3% qoq) to SAR1.85bn, in-line with our estimate of SAR1.74bn. NSCI increased 4.4% yoy (+0.9% qoq) t...
- Nauman Khan
Banque Saudi Fransi: Rate hikes to drive asset yields
We remain Neutral on BSFR with a PT of SAR49.9. We believe the bank is well positioned to benefit from the foreseen interest rate hikes given its corporate tilt. Moreover, we expect loan growth to remain strong at 14%-12% in 2022f-2023f vs 13% in 2021 driven by the expected acceleration on Mega projects. However, we highlight that the bank’s tight liquidity position may impact its cost of funds while its cost of risk is expected to remain elevated as it improves its coverage ratio. We expect ...
BANQUE SAUDI FRANSI with less fundamental stars is reduced to Neutral
BANQUE SAUDI FRANSI (SA), a company active in the Money Center Banks industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analy...
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