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SNB and Alrajhi defy lending slowdown with higher profits

By CityCalc Newsroom · Tue Jul 21 2026 · Source: AGBI

Saudi Arabia’s two largest banks announced profit increases for the first half of the year despite a slowing of credit growth. Saudi National Bank, the country’s largest by assets, reported net profit of SAR12.2 billion ($3.3 billion) in the six-month period, up SAR29 million fr…

Saudi Arabia’s two largest banks announced profit increases for the first half of the year despite a slowing of credit growth. Saudi National Bank, the country’s largest by assets, reported net profit of SAR12.2 billion ($3.3 billion) in the six-month period, up SAR29 million fr…

Curated by CityCalc from AGBI. Read the full article at the source.

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