Saudi Arabia Banking Pulse

3 Aggregate operating income increased for the fifth consecutive quarter Improved Quarterly NII (SAR Bn) Stable Worsened 11.1% -0.3% 1.7% 18.2 18.2 17.9 20.9 3.5% 20.2 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 + Quarterly net fee commission and other operating income (SAR Bn) 5.2 11.1% 6.1 6.1 0.7% 6.1 0.2% 5.7 5.6% Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Quarterly operating income (SAR Bn) Note: Some numbers might not add up due to rounding, (*) Q2/past growth were not comparable Source: Financial statements, investor presentations, A&M analysis 8.4% 24.2 24.0 1.2%, 23.1 3.7% 27.0 26.3 2.9% Q3'21 KEY TAKEAWAYS • Total operating income increased by 2.9% QoQ ■ Total operating income (ex-SNB)* increased by 2.4% QoQ in Q3'21 compared to 1.6% in Q2'21 BSF's operating income increased the highest (9.1% QoQ), supported by higher net interest income and higher gains from sale of investments RIBL reported a 5.4% QoQ fall in operating income due to 7.7% decrease in net interest income Aggregate interest income recorded 3.2% QoQ rise, while fee income remained stable with 0.4% QoQ increment Q3'20 Q4'20 Q1'21 Q2'21 9 ALVAREZ & MARSAL

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