3Q 2023 Financial Performance

FINANCIAL PERFORMANCE | IMPAIRMENT CHARGE Cost of risk increased by 24bps YoY to 0.98% for 9M 2023 from improving Commercial coverage Impairment Charge (SAR Mn) 345 Impairment Charge (SAR Mn) 345 Cost of Credit Risk (%) 0.98% -1% -1% 1.16% 1.07% 431 0.85% 4 345 476 348 406 431 427 350 -20% QoQ 348 345 0.63% 0.68% 0.74% 294 241 351 -20% QoQ (1) 3Q 22 2Q 23 (6) 3Q 23 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 1Q 22 1H 22 Credit losses Investments 385 884 Impairment Charge Movement (SAR Mn) 1,181 +34% 1,181 (13) (75) Impairment charge 9M 22 Commercial Consumer Investments & off-balance Impairment charge 9M 23 0.98% 9M 22 FY 22 1Q 23 1H 23 9M 23 البنك السعودي الفرنسي Banque Saudi Fransi Commercial COR 1.22% +29 bps year-on-year Consumer COR -0.16% -5 bps year-on-year ■ The total impairment charge for 9M 2023 increased 34% YoY to SAR 1,181mn, mainly from higher Commercial impairments, partly offset by Consumer and Investment & off-balance reversals. ■ In combination with healthy loan growth, this resulted in a 24pbs YoY increase in cost of risk to 0.98% for 9M 2023. ■ The cost of risk trend was impacted by improving coverage on isolated exposures which previously migrated to NPL in the Commercial book. 136

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