Bader AlSalloom: BSF Reports record earnings of 5,353 Million SAR Net Profit in 2025, Up 18% YOY, Achieving Year’s key objectives.

26/Jan/2026

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Total assets SAR 309.1bn, up 5% YoY, driven by increased lending and investments
Loans and advances up 5% YoY to SAR 214.9bn, supported by higher volumes in both consumer and commercial lending
Customer deposits SAR 195.2bn, up 5% YoY due to an increase in interest-bearing deposits
Net income for FY 2025 SAR 5,353mn, up 18% YoY on higher operating income, positive jaws and improved cost of risk
Operating income SAR 10,537mn in FY 2025, up 9% YoY, driven by an 10% increase in net interest income and supported by 4% non-interest income growth
Net interest margin flat YoY at 3.04% in FY 2025
Cost-to-income ratio at 33.8% for FY 2025, a 152bps improvement YoY
Cost of risk for FY 2025 at 0.45%, a 13bps reduction YoY
Return on equity at 10.7%, an increase of 39bps YoY
Capitalization remained strong, while liquidity levels were healthy

Riyadh, 26 January 2026
Bader AlSalloom, Chief Executive Officer of BSF, announced that the Bank’s reported 18% net income growth year-on-year to SAR 5,353 million. This was driven by a 10% rise in net interest income and a 4% increase in non-interest income and was further supported by a lower cost of risk and positive operating leverage. Net income for 4Q 2025 increased 13% year-on-year to SAR 1,260 million, but declined 7% sequentially due to higher operating expenses.

“BSF delivered steady progress in 2025, demonstrating the resilience of our business and the discipline of our execution. Net income increased by 18%, supported by 9% operating income growth, proactive risk management, and continued efficiency gains, which has also resulted in a lower cost-to-income ratio. Balance sheet growth was driven by deliberate funding and pricing actions aligned with our risk and liquidity objectives.
The successful execution of our previous strategy cycle has given BSF a solid operational and financial foundation. Looking ahead, we are pleased to be announcing our new 2030 strategy on 16 February, which will build on this foundation to deliver sustainable profitability, operational excellence, and an outstanding experience for our customers across the Kingdom”

AlSalloom also explained that total operating income increased by 9% year-on-year to SAR 10,537 million for FY 2025. Net interest income rose by 10% to SAR 8,692 million, led by a 10% increase in average interest earning assets on a stable net interest margin, while non-interest income increased by 4% year-on-year to SAR 1,845 million, driven by higher investment-related gains. On a quarterly basis, total operating income rose 2% year-on-year as growth in net interest income was partly offset by lower non-interest income.
Operating expenses increased 4% year-on-year to SAR 3,559 million in FY 2025 and rose 13% quarter-on-quarter, as a result of increased general and administrative expenses. The cost-to-income ratio improved by 152 basis points year-on-year to 33.8% for FY 2025 as revenue momentum more than offset cost pressures.
Prudent risk management led to a 16% year-on-year reduction in impairment charges to SAR 989 million. Coupled with 5% loan growth, this drove a 13bps improvement in the cost of risk, bringing it down to 0.45% for FY 2025.
Total assets as of 31 December 2025 amounted to SAR 309,006 million, an increase of 5% from 31 December 2024. Loans and advances rose 5% YoY to SAR 214,891 million, driven by both consumer and commercial lending. Asset quality remained broadly stable during the period, with provisioning levels remaining robust.
The investment portfolio expanded by 13% year-on-year to SAR 68,682 million.
Customers’ deposits increased by 5% year-on-year due to an increase in interest-bearing deposits.
Debt securities and term loans rose 151% year-on-year, driven by multiple issuances during the year. Tier 1 Sukuk remained broadly flat year-on-year, as new issuances (USD 650 million and SAR 2.5 billion) largely offset redemptions of SAR 5 billion.

During 2025, BSF delivered a year of strategic milestones that reinforced its financial strength, market position, and long-term commitment to sustainable value creation, according to the Bank’s Chief Executive Officer.

The CEO stated that BSF successfully executed several landmark capital markets transactions during the year, including sukuk and bond issuances across international markets totaling more than USD 4 billion. These transactions reflect strong international investor confidence in BSF’s credit profile and its ability to access global funding efficiently.

On the business front, he highlighted BSF’s role in supporting strategic national development initiatives aligned with Saudi Vision 2030

He emphasized that customer centricity remains a core principle guiding BSF’s growth and transformation. This focus has been fundamental to how the Bank continues to enhance and evolve its solutions and services. In 2025, these efforts included the rollout of an integrated omnichannel banking experience and a comprehensive branch transformation program, designed to deliver a seamless and consistent customer journey across physical and digital channels.

The CEO also referred to the strength of BSF Group’s integrated financial platform, noting the complementary role of its subsidiaries. JB Financing continues to advance digital financing solutions in the Kingdom, while BSF Capital plays a key role in asset management and investment funds, supporting the Group’s diversified financial offering.

In addition, he noted that BSF continues to leverage a focused sponsorship platform across sport, culture, and lifestyle, supporting long-term brand positioning and engagement while contributing to the Kingdom’s broader social and economic objectives.

Guided by a holistic ESG framework, the CEO explained that sustainability remains embedded across BSF’s governance, operations, and long-term growth agenda. Within this framework, the launch of the Athar CSR Program in 2025 reflected the Bank’s commitment to social responsibility, benefiting more than 3,200 individuals through education-focused initiatives and supporting long-term community development.

He concluded that these achievements demonstrate BSF’s disciplined execution of its strategy and its continued focus on sustainable growth, resilience, and stakeholder value.