The Saudi National Bank (1180) Investor presentation summary

Financial performance

• 1H 2026 net income attributable to equity holders was SAR13.0bn, up 7% YoY; operating income rose 6% to SAR20.2bn.

• 1H NSCI grew 7% YoY; NSCI margin was 2.94%, with 2Q at 3.02%.

• Group CIR was 25.6%, down 97 bps YoY; domestic CIR was 23.1%, down 57 bps. Cost of risk was -9 bps YTD.

• ROTE was 16.9%, down 38 bps YoY; adjusted ROTE was 18.1%. FY 2026 guidance is 16%-17% ROTE and 17%-18% adjusted ROTE.

Balance sheet, capital and liquidity

• Total assets reached SAR1,244.7bn, up 3% YTD; net financing was SAR739.6bn, up 1.4% YTD.

• Customer deposits rose 10% YTD to SAR698.2bn; CASA deposits were SAR472bn, up 2% YTD, and the CASA ratio was 67.5%.

• Tier 1 capital adequacy was 20.6%; total eligible capital reached SAR186.8bn. FY 2026 Tier 1 ratio guidance is 19%-20%.

• Liquidity remained well cushioned: 2Q 2026 NSFR was 112%, LCR was 227%, and SAMA loan-to-deposit ratio was 77.9%.

• NPL ratio was 0.67%, excluding POCI; including POCI, it was 0.79%. NPL coverage was 152.0% for domestic business.

Strategy and outlook

• The 2025-2027 strategy prioritizes financing market share, CASA acquisition, fee income, operational efficiency, customer experience, digital innovation, data analytics and talent development.

• 1H 2026 strategic KPIs included 9% financing CAGR and 8% CASA CAGR progress against 2027 targets of low-double-digit and high-single- to low-double-digit growth, respectively.

• Non-financial progress included 33% retail digital financing sales against a 30% 2027 target, ~1.9mn SNB NEO customers toward >5mn, and 21 AI and data use cases toward >30.

• FY 2026 financing growth guidance was revised to mid-single digit; cost-of-risk guidance improved to 10-20 bps. NSCI growth guidance remained mid-single digit.