Banque Saudi Fransi · TADAWUL:1050
Banque Saudi Fransi — H1 2026 Earnings Presentation
24 slides from Banque Saudi Fransi's earnings presentation, Jul 27, 2026
Slide 1: BSF 1H 2026 Earnings Presentation
BSF 1H 2026 Earnings Presentation 27 July 2026
Slide 2: Highlights & Strategy Update
Highlights & Strategy Update
Slide 3: 5% net income growth YoY supported by top-line growth
5% net income growth YoY supported by top-line growth Balance Sheet Loans & Investments Customers' Advances Deposits Loan growth of 7% YoY, driven by both commercial (+5%) and 224.2 74.2 204.6 consumer (+15%). Investments increased 17% YoY, capturing higher yields to manage interest rate risk. ¥
Slide 4: Healthy asset quality and comfortable capital and liquidity levels
Healthy asset quality and comfortable capital and liquidity levels Asset Quality NPL Ratio NPL Cost of Risk Coverage The NPL ratio was broadly stable YoY. 0.97% 159.3% 0.44% Coverage ratio remains comfortable, with the decline reflecting the write-off of two corporate accounts. Improved overal
Slide 5: Better, Stronger and Faster bank through Strategy 2030
We aim to become a Better, Stronger and Faster bank through Strategy 2030, delivering sustainable ROE expansion to >15% and ¥ 10bn net income by 2030 3 Strategic Pillars… …focusing on two main themes for next 5 years Strengthen the core Growing net income market share Wholesale Banking GTS strengt
Slide 6: Balanced performance across the key strategic metrics
We are seeing balanced performance across the key strategic metrics KPI 2025 Baseline Current 2030 Target Status ~6% Net income market share ~6% 8–10% Watch 43% CASA ratio 43% ~40% Watch Better 18% Non-interest income share 18% 21% Watch 12.1% Return on Equity ~12% >15% On track 15.9% CET1 ratio 16.
Slide 7: Financial Highlights
Se Financial @ = | Highlights
Slide 8: Balance sheet growth driven by loans, investments and interbank
Balance sheet growth driven by loans, investments and interbank Balance Sheet Total Assets Movement YTD (¥ Bn) Growth in total assets of 6% YTD, mainly driven by loans, further aided by an increase in investments and interbank placements. +6% The investment portfolio expanded by 8% YTD mainly fr
Slide 9: 4% YTD loan growth from both commercial and consumer sectors
4% YTD loan growth from both commercial and consumer sectors Loans & Advances Loans & Advances (¥ Bn) Total loans and advances grew 7% YoY, driven by growth in both consumer and commercial lending. YTD growth was 4%, mainly driven by commercial loans and +4% supported by growth in consumer loans.
Slide 10: 5% YTD increase in customer deposits
5% YTD increase in customer deposits Customers’ Deposits Customers' Deposits (¥ Bn) Deposits grew 5% YTD, driven by increase in both NIBD and IBD balances. +5% IBDs grew 4% YTD, while NIBDs rose 6%. 195.2 199.6 204.6 182.7 185.9 As of 30 June 2026, 43.0% of deposits were non-interest bearing,
Slide 11: Net income grew 5% YoY from higher net interest income
Net income grew 5% YoY from higher net interest income, partially offset by higher operating expenses Income Statement Net Income (¥ Mn) Net income for 1H 2026 grew 5% YoY to ¥ 2,868mn from higher operating income, partially offset by higher operating expenses. +6% Total operating income increas
Slide 12: 6% YoY growth in NII driven by earning assets growth
6% YoY growth in NII driven by earning assets growth, partly offset by modest margin contraction Net Interest Income Net Interest Income Movement YoY (¥ Mn) NII for 1H 2026 increased by 6% YoY to ¥ 4,560mn, driven by 8% average earnings assets growth. +6% Higher NII from due to banks, loans and
Slide 13: NIM declined 7bps YoY, but improved 4bps QoQ
NIM declined 7bps YoY, but improved 4bps QoQ Net Interest Margin YTD NIM Trend Quarterly NIM Trend 6.15% 6.15% 5.41% 5.38% NIM moderated by 7bps YoY to 3.04% for 1H 2026, primarily reflecting a 13bps decline in 6.14% 6.04% 6.02% 5.03% asset yields, partly offset by a 9bps reduction in funding cost
Slide 14: BSF has limited sensitivity to interest rate changes
BSF has limited sensitivity to interest rate changes NIM Sensitivity Balance Sheet Repricing Profile As of 30 June 2026, BSF estimates a 1-year NIM sensitivity of a 100bps rates change at as at 31 December 2025 (¥ Bn) ±7bps; this would translate into a ¥ ±216mn NII delta. The net open short-term
Slide 15: Non-interest income held steady YoY
Non-interest income held steady YoY Non-Interest Income Non-interest Income Movement YoY (¥ Mn) Non-interest income for 1H 2026 remained broadly stable YoY at ¥ 997mn as lower fee and commission income and exchange income were offset by improved investment-related -0% and trading income. 62 63 (18
Slide 16: Operating expenses rose 6% YoY
Operating expenses rose 6% YoY on higher employee expenses, G&A expenses and depreciation, but were stable QoQ Operating Expenses Operating Expenses (¥ Mn) Operating expenses increased 6% YoY to ¥ 1,848mn in 1H 2026 mainly reflecting higher employee costs from annual salary adjustments and modest
Slide 17: Cost of risk decreased by 6bps YoY to 0.44%
Cost of risk decreased by 6bps YoY to 0.44% driven by overall portfolio growth Impairment Charge Impairment Charge (¥ Mn) The total impairment charge for 1H 2026 was steady YoY at ¥ 513mn, from lower commercial impairments offset by an increase in consumer and other impairments. 2Q 25 236 3Q 25 23
Slide 18: Asset quality remains strong with stable NPL ratio YTD
Asset quality remains strong with stable NPL ratio YTD NPL & NPL Coverage NPL Ratio (%) The NPL ratio improved to 0.97% in 2Q26 from 1.01% in 1Q26 and remained stable YTD, supported by the write-off of two corporate accounts during the quarter. The NPL coverage ratio decreased by 19ppts YTD to 1
Slide 19: Liquidity remains strong and well above regulatory requirements
Liquidity remains strong and well above regulatory requirements Liquidity LTD Ratios (%) Headline LTD Ratio LTD SAMA ratio LCR declined by 24.8ppts YTD to 168.9% during 1H 2026. NSFR moderated by 1ppts YTD to 125% as of 30 June 2026. 116.0% 114.9% 110.1% 111.2% 109.6% The SAMA regulatory LTD r
Slide 20: Healthy capital levels maintained
Healthy capital levels maintained Capital Total Capital Movement YTD (¥ Bn) Total capital (Tier 1 + Tier 2 regulatory capital) increased marginally YTD to ¥ 57.1bn during 1H 2026 from net income, partially offset by dividends paid and OCI. +1% RWAs increased by 4% YTD to ¥ 273.8bn. 2.9 (0.6) (0.
Slide 21: Positive outlook for the year ahead
Positive outlook for the year ahead, supported by sustained loan growth, resilient margins, and efficiency gains driving profitability Metric 1H 2026 Outcome 2026 Guidance 1H 2026 Revision Guidance Drivers The guidance reflects stronger volumes in both Loans & Advances Growth +4.4% YTD High single d
Slide 22: Questions & Answers
Questions & Answers @ BSF
Slide 23: Please contact the Investor Relations team for additional information
Please contact the Investor Relations team for additional information or download BSF’s IR App For more information, please contact us at: Access our IR website: BSF BSF IR Website P.O. Box 56006, Riyadh 11554 Kingdom of Saudi Arabia Find our disclosures: [email protected] Financial Disclosures Strategy Day
Slide 24: Disclaimer
Disclaimer This presentation is being provided to you for general information purposes. The information contained in the presentation has been obtained from sources believed by BSF to be up to date, correct and reliable, but BSF does not make any representation or warranty, express or implied, with