Investor Presentaiton

30.3 34.7 Improved Stable Worsened Aggregate C/I ratio improved for five of the top ten KSA banks led by ALRAJHI Cost to Income Ratio (%, Quarterly) 4.4 -5.6 32.5 26.9 32.4 34.3 1.8 مصرف الراجحي بنك الرياض ساب SABB SNB Al Rajhi Bank riyad bank 47.5 46.8 Note: Scaling and some numbers might not add up due to rounding Source: Financial statements, investor presentations, A&M analysis *Comparison on YoY basis 33.6 34.0 السعو دين الف العيد -0.7 0.5 35.1 38.2 anb 3.1 36.4 35.5 مصرف الإنماء العربي 2020 2021 - 2020 Av 2021 Av -0.9 48.5 46.6 alinma bank Bank Albilad 10 بنك البلاد 51.6 49.9 بنك الجزيرة BANK ALJAZIRA -1.9 -1.7 5.2 - 36.8% 35.2% KEY TAKEAWAYS Five of the top ten banks witnessed improvement in cost to income ratio • C/I ratio for ALRAJHI improved the most by 5.6% points YoY due to higher yield income (+20.6% YoY) and fee and commission income (+47.9% YoY) BALB has shown the highest cost efficiencies in the previous five years with C/I ratio falling from 59.5% in 2016 to 46.6% in 2021 ■The bank reported 1.9% points YoY contraction in C/I ratio as yield income and fee and commission income increased 6.0% and 16.6% respectively SNB reported deterioration in C/I ratio by 4.4% points, as the operating costs decreased by 52% YoY due to higher communications and IT related costs 42.7 46.4 البنك السعودي للاستثمار The Saudi Investment Bank ALVAREZ & MARSAL

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