Investor Presentaiton
3.21
3.18
-0.03
4.13
3.86
Improved
Major banks have reported contraction in NIM
Stable
Worsened
Net Interest Margin (%, Quarterly)
2.88
2.63
-0.26
مصرف الراجحي
SNB
Al Rajhi Bank
riyad bank
ساب SABB بنك الرياض
-0.25
2.71
2.20
Note: Some numbers might not add up due to rounding
Source: Financial statements, investor presentations, A&M analysis
2.88
+3
Banque
2020
2021
2020 Av
2021 Av
-0.12
-0.19
-0.17
-0.51
+
2.68
2.77
2.60
3.30
3.18
3.76
3.47
مصرف الإنماء
العربي
anb
alinma bank
بنك البلاد
Bank Albilad
9
2.74
2.76
بنك الجزيرة
BANK ALJAZIRA
-0.29
2.36
2.39
البنك السعودي للاستثمار
The Saudi Investment Bank
0.02
0.03
3.07%
2.88%
KEY TAKEAWAYS
Seven of the top ten banks have
reported contraction in NIM with
aggregate NIM decreasing by 18 bps
YOY
• SABB (-51 bps YoY) reported the
highest fall in NIM during the period
mainly due to 16.7% decline in the net
interest income
NIM's for BJAZ and SIBC have
remained largely flat, increasing
marginally by 2 bps and 3 bps,
respectively
ALVAREZ & MARSALView entire presentation