3Q 2023 Financial Performance
STRATEGY | STRATEGIC PILLARS
Strategy execution commenced across the various business pillars with
positive momentum in progress
البنك
السعودي
الفرنسي
Banque
Saudi
Fransi
Wholesale Banking
Personal Banking
Private Banking
Strategic Goals
Solidify market position
Leverage segmentation
and synergies
Reinforce market
leadership
Focused Initiatives
GTS revamp
Expand FIG&MNC coverage
Scale up affluent
Provide superior daily banking
Broaden product suite
Experience-centric rewards
Q3: 56%
Q2: 51%
65%
Progress Summary
Key Highlights
Good advancements in the
implementation of strategic
initiatives
▷ Enhanced the operating
model for Global Transaction
Banking & customer
experience
▷ Finalized scope of cash mgmt.
digital solution
▷ Established MNC Unit
▷ Expanded FI & govt. lending
33%
Modest progress in affluent
segmentation model & value
strategy implementation
▷ Kickstarted the affluent
strategy implementation
▷ Launched the Omnichannel
v2 staff pilot in (digital
solution)
▷ Initiated Wholesale
partnership model with
personal banking
78%
Significant strides made in
broadening the product suit and
enhancing clients' experience
▷ Closed key investment
offerings with Saudi Fransi
Capital
▷ Secured major deals under a
special private banking
finance program
▷ Introduced off-plan product
▷ Executed VIP experience
events
J
JB
Expand in new
market segments
جيبى
Digital channels acceleration
Product diversification
Brand repositioning
81%
Significant progress in personal
financing digitization, digital IT
capabilities and SFL repositioning
▷ Introduced JB's new digital
personal loan offerings
▷ Expanded personal loans
▷ Launched JB's brand
▷ Expanded JB's reach by
initiating cross-selling across
BSF branches.
Saudi Fransi Capital
Seize existing
opportunities
and grow
Synergize wealth management
Broaden advisory mandate
Attractive investment solutions
37%
Modest progress in the
execution which was affected by
complexities of the initiatives
▷ Finalized SFC's wealth
management collaboration
strategy
▷ Kicked off wealth mgmt.
collaboration implementation
initiatives
Next steps
▷ Expand digital features &
product rollouts
▷ Extend Fl geographical reach
▷ Focus on Increased coverage
across FIG segments
▷ Continue affluent initiatives
implementation to 2H 2024
▷ Finalize revamping key
branches by 2H 2024
▷ Institutionalize partnerships
▷ Rollout products and services
▷ Expand RM advisory roles to
provide specialized client
▷ Foster new partnerships
Wholesale, Private & Personal Banking and Saudi Fransi Leasing initiatives are continuation of existing Strategy with refinement on the scope, objectives and
initiatives for 2023 Strategy Refocus | Saudi Fransi Capital initiatives are new ones that have been defined as part of the 2023 Strategy Refocus exercise
▷ Expand digital features &
product rollouts
▷ Enhance user experience
▷ Introduce credit card offerings
▷ Roll out collaboration
initiatives to 3Q 2025
▷ Invest in human capital and
foster talent development
Strengthen real estate
division
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