Saudi Arabia Banking Pulse

7 Aggregate RoE improved as major banks reported lower profitability Return on Equity (%) 30 25 20 20 بنك البلاد 15 Bank Albilad 10 5 بنك الجزيرة BANK ALJAZIRA مصرف الإنماء alinma bank البنك السعودد الفرنسي Banque Saudi Franci البنك السعودي للاستثمار The Saudi Investment Bank العربي anb بنك الرياض SABB riyad bank ساب. مصرف الراجحي Al Rajhi Bank 0 200 400 600 800 Source: Financial statements, Investor presentations, A&M analysis 17 Q2'21 Q3'21 Q2'21 Av Q3'21 Av ↑ SNB SNB 1,000 Asset Size (SAR Bn) 13.5% 11.0% KEY TAKEAWAYS ■ Combined RoE increased by 0.9% points QoQ to 12.0%, compared to decrease in the previous quarter BJAZ recorded the highest fall of 5.3% points QoQ to 2.4% in Q3'21 due to the bank's high impairment charges ■ SNB reported the highest growth among the 10 KSA Banks in RoE to 9.9% (+ 2.5% points QoQ) ALVAREZ & MARSAL

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