Investor Presentaiton
NSCI growth of 29% YoY on 19% growth in earning assets and a 24bps NIM expansion
NSCI growth of 29% YoY was underpinned by 19%
growth in average earnings assets as well as NIM
expansion of 24 bps reflecting higher asset yield from
increased benchmark rates
NIM
NIM
-- Asset yield --COF
Average Earning Assets (SARbn)
3.07% ▲
Consumer loans
Corporate & other loans
☐ Investments
6.07%
6.23%
Asset yield increased by 2.55 ppts YoY to 6.37% in 9M
2023 while of cost of funding increased by 2.53 ppts to
3.63%
6.37%
107.4
SAMA & bank placements
110.3
112.9
95.2
96.8
4.20%
6.1
6.9
6.6
5.9
6.0
3.82%
3.23%
3.44%
NIM also increased by 24bps YoY in to 3.07% in 9M
2023, however it declined by 5bps QoQ due to the shift
in the deposit mix
2.83%
3.63%
3.07%
29.4
29.8
30.8
28.4
28.3
2.92%
3.18% 3.12%
1.10%
1.42%
50.7
52.1
61.5
63.3
65.4
10.3
10.5
10.3
10.2
10.2
9M 22
FY 22
1Q 23
1H 23
9M 23
3Q 22
4Q 22
1Q 23
2Q 23
3Q 23
NSCI Movement YoY (SARmn)
2,017
+29%
471
221
42
1,930
9M 22Corporate & other loamsestments
NIM Movement YoY
+24bps▲
0.42%
+24bps
0.25%
1.90%
2,592
2.83%
(2,087)
SAMA &
bank placements
Consumer
loans
COF
9M 23
9M 22
The Saudi Investment Bank - 3Q 2023 Investor Presentation
Corporate
& other loans
-0.02%
-2.32%
3.07%
Inv.
SAMA & Consumer
bank placements loans
COF
9M 23
P. 31View entire presentation