Saudi Arabia Banking Pulse
3.35
2.98
3.95
3.82
-0.37
2.77
2.51
Improved
Stable
Worsened
Net Interest Margin (%, Quarterly)
4
Major banks have reported contraction in NIM; Aggregate
NIM contract by 11 bps
مصرف الراجحي
SNB
Al Rajhi Bank
riyad bank
ساب SABB بنك الرياض
-0.14
2.28
2.19
Note: Some numbers might not add up due to rounding
Source: Financial statements, investor presentations, A&M analysis
Q2'21
Q3'21
-
Q2'21 Av
Q3'21 Av
0.34
-0.01
0.02
0.11
0.25
0.12
-0.26
-0.09
+3
Banque
Franal
2.63
2.75
2.60
2.85
3.10
3.44
بنك البلاد
مصرف الإنماء
alinma bank
Bank Albilad
العربي
anb
11
3.30
3.33
2.47
2.46
البنك السعودي للاستثمار
2.72
2.84
The Saudi Investment Bank
BANK ALJAZIRA
بنك الجزيرة
KEY TAKEAWAYS
Major banks have reported contraction
3.12%
3.01%
in NIM with aggregate NIM decreasing
by 11 bps QoQ
SNB (-37 bps QoQ) and RIBL
(-25 bps QoQ) reported the highest fall
in NIM during the period
On the other hand, NIM for ALMINA
(+34 bps QoQ) and ANB (+25 bps
QoQ) expanded the most in Q3'21
ALVAREZ & MARSALView entire presentation