Riyadh – Mubasher: The net profits of Bank Albilad climbed by 1.56% to SAR 2.27 billion in the first nine months (9M) of 2026, compared to SAR 2.23 billion in 9M-25.

Total operating income for the period rose by 4.83% to SAR 4.76 billion, driven by higher income from investment and financing assets.

Earnings per share (EPS) dropped to SAR 1.43 at the end of September 2026 from SAR 1.49 in the previous year.

For the third quarter (Q3) of 2026, the bank recorded a net profit of SAR 740.2 million, a decrease of 3.43% compared to SAR 766.50 million in the prior-year quarter.

The quarterly decline was attributed to a 16% rise in total operating expenses, which included a significant increase in impairment charges.

Net credit loss provisions for the quarter jumped by 149.70% to SAR 82.40 million, up from SAR 33 million a year earlier.

The bank's balance sheet showed continued expansion as of 30 September 2026, with total assets reaching SAR 185.89 billion, a 10.70% increase year-on-year (YoY).

The financing portfolio grew by 11.44% to SAR 132.76 billion, while customer deposits rose by 12.67% to SAR 145.37 billion.

At the end of June 2026, the bank logged a net profit valued at SAR 1.53 billion, up 4.18% YoY from SAR 1.47 billion.