What was Bank Albilad's net profit in H1 2026?

Bank Albilad's net profit for H1 2026 was SAR 1.53 billion, up 4.2% year-on-year.

What drove Bank Albilad's profit growth in H1?

The growth was mainly driven by an 8.6% rise in financing income and a 29.2% surge in investment income, boosting total operating income by 5%.

How did Q2 profit compare to Q1?

Q2 net profit rose 7.6% sequentially to SAR 791.6 million from SAR 735.8 million in Q1.

Did Bank Albilad's credit loss provisions increase?

Yes, provisions rose 25.2% YoY to SAR 127.3 million, but they declined 22% QoQ.

What is Bank Albilad's stock ticker on the Saudi Exchange?

Bank Albilad's ticker on the Saudi Exchange is 1140.

Bank Albilad H1 Net Profit Rises 4.2% to SAR 1.53B

Bank Albilad posted a net profit of SAR 1.53 billion for the first half of 2026, up 4.2% year-on-year. The growth was fueled by a rise in financing and investment income, despite higher provisions and operating expenses.

Bank Albilad (1140) announced its interim financial results for the six months ended June 30, 2026, reporting a net profit attributable to shareholders of SAR 1,527.4 million, up 4.2% from SAR 1,466.1 million in the same period last year. For the second quarter alone, net profit reached SAR 791.6 million, a 7.6% sequential increase from Q1.

Key Financial Results

Metric	H1 2026	H1 2025	Change
Net Profit	SAR 1,527.4M	SAR 1,466.1M	+4.2%
Total Operating Income	SAR 3,142.4M	SAR 3,004.6M	+4.6%
Financing Income	SAR 3,936.0M	SAR 3,626.0M (approx)	+8.6%
Investment Income	SAR 1,053.4M	SAR 815.0M (approx)	+29.2%
Operating Expenses	SAR 1,312.3M	SAR 1,268.3M (approx)	+3.5%
Credit Loss Provisions	SAR 127.3M	SAR 101.7M (approx)	+25.2%

Key Highlights

The bank attributed the annual profit growth to a 5% increase in total operating income, driven by higher net income from investing and financing assets, other operating income, and net gains on FVSI instruments. This was partially offset by declines in net fee and commission income, net exchange income, and dividend income.

On a quarterly basis, net profit rose 7.6% from Q1 2026, supported by a 5% increase in total operating income, while net impairment charges for expected credit losses declined by 22%.

Guidance

No specific forward guidance was provided.

Impact on the Stock

Investors are likely to view the results positively given the profit growth and improving core revenues, though the rise in provisions may warrant caution.

What This Means for Investors

Bank Albilad's results demonstrate solid operational performance with growth in key revenue lines. However, the increase in provisions calls for monitoring asset quality. The stock remains attractive for investors seeking stability in the Saudi banking sector.