Banque Saudi Fransi · TADAWUL:1050
Banque Saudi Fransi — Q1 2026 Earnings Presentation
24 slides from Banque Saudi Fransi's earnings presentation, Apr 27, 2026
Slide 1: BSF 1Q 2026 Earnings Presentation
BSF 1Q 2026 Earnings Presentation 27 April 2026
Slide 2: Highlights & Strategy Update
Highlights & Strategy Update
Slide 3: 3% net income growth YoY supported by top-line growth and lower impairments
3% net income growth YoY supported by top-line growth and lower impairments Balance Sheet Loans & Investments Customers' Loan growth of 6% YoY, driven by Advances Deposits both commercial (+4%) and 221.9 71.6 199.6 consumer (+15%). Investments increased 16% YoY, capturing higher yields to manage
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 NPL ratio increased by 17bps Coverage YoY, due to higher NPLs in both 1.01% 175.8% 0.48% commercial and consumer portfolios. Coverage ratio remains robust. Improved overall COR driven by
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: 2026 focus on institutionalizing capabilities and models for sustainable performance
Our 2026 focus is on institutionalizing the capabilities and models for sustainable performance Institutionalizing Fee Establishing Business Strengthening Corporate Driving Healthy Deposit Income & Cross-Sell Banking as a Vertical Coverage & Institutional Growth Through New-to- Banking Bank Acquisit
Slide 7: Financial Highlights
Se Financial @ = | Highlights
Slide 8: Balance sheet growth driven by loans, interbank and investments
Balance sheet growth driven by loans, interbank and investments Balance Sheet Total Assets Movement YTD (¥ Bn) Growth in total assets of 5% YTD, mainly driven by 3% loan growth, further aided by an increase in interbank lending, investments and other assets. +5% The investment portfolio expanded
Slide 9: 3% YTD loan growth from both commercial and consumer sectors
3% YTD loan growth from both commercial and consumer sectors Loans & Advances Loans & Advances (¥ Bn) Total loans and advances grew 6% YoY, driven by growth in both consumer and commercial lending. YTD growth was 3%, mainly driven by commercial loans and +6% supported by growth in consumer loans.
Slide 10: 2% YTD increase in customer deposits, driven by NIBD balances
2% YTD increase in customer deposits, driven by NIBD balances Customers’ Deposits Customers' Deposits (¥ Bn) Deposits grew 2% YTD, driven by increased NIBD balances. +5% IBDs remained broadly stable YTD, while NIBDs rose 5% YTD. 190.7 185.9 195.2 199.6 182.7 As of 31 March 2026, 43.9% of depos
Slide 11: Net income grew 3% YoY from higher net interest income and lower cost of risk
Net income grew 3% YoY from higher net interest income and lower cost of risk, partially offset by higher operating expenses Income Statement Net Income (¥ Mn) Net income for 1Q 2026 grew 3% YoY to ¥ 1,381mn from higher operating income and lower +3% cost of risk, partially offset by higher operat
Slide 12: 5% YoY growth in NII driven by earning assets growth
5% 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 1Q 2026 increased by 5% YoY to ¥ 2,217mn, driven by 7% average earnings assets +5% growth. Higher NII from loans, investments, due
Slide 13: YoY margin decline but QoQ improvement to 3.02%
YOY margin decline but QoQ improvement to 3.02% Net Interest Margin YTD NIM Trend Quarterly NIM Trend NIM moderated by 7bps YoY to 3.02% for 1Q 2026, primarily reflecting an 8bps decline in asset yields, partly offset by a 2bps reduction in funding costs. 6.12% 6.15% 6.15% 6.14% 6.04% 5.42% 5.41%
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 31 March 2026, BSF estimates a 1-year NIM sensitivity of a 100bps rates change at as at 31 December 2025 (¥ Bn) ±3bps; this would translate into a ¥ ±100mn NII delta. 177.2 161.0 The net op
Slide 15: Non-interest income decreased 5% YoY on lower fees and FX income
Non-interest income decreased 5% YoY on lower fees and FX income partly offset by higher investment income Non-Interest Income Non-interest Income Movement YoY (¥ Mn) Non-interest income for 1Q 2026 decreased 5% YoY to ¥ 491mn on lower fee and commission income and exchange income partly offset by
Slide 16: Operating expenses rose 6% YoY on higher employee expenses and depreciation
Operating expenses rose 6% YoY on higher employee expenses and depreciation, but decreased 4% QoQ on lower G&A expenses Operating Expenses Operating Expenses (¥ Mn) Operating expenses increased 6% YoY to ¥ 922mn in 1Q 2026 mainly due to higher employee costs driven by annual salary adjustments and
Slide 17: Cost of risk decreased by 4bps YoY to 0.48%
Cost of risk decreased by 4bps YoY to 0.48% driven by overall portfolio growth Impairment Charge Impairment Charge (¥ Mn) The total impairment charge for 1Q 2026 decreased by 12% YoY to ¥ 246mn, from lower commercial impairments and reversals in investment and other impairments, partly offset 1Q 2
Slide 18: Asset quality remains strong with modest increase in NPL ratio
Asset quality remains strong with modest increase in NPL ratio YTD and robust coverage NPL & NPL Coverage NPL Ratio (%) The NPL ratio increased 4bps YTD to 1.01% as NPLs increased by 8% relative to 3% gross loan growth. 1.01% The NPL coverage ratio decreased by 2.6ppts YTD to 175.8%, mainly from
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 8ppts YTD to 185.6% during 1Q 2026. NSFR moderated by 2ppts YTD to 124% as of 31 March 2026. 114.9% 116.0% 109.6% 110.1% 111.2% The SAMA regulatory LTD rat
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 2% YTD to ¥ 57.6bn during 1Q 2026 from net income and Tier 2 issuance, partially offset by OCI. +2% RWAs increased by 7% YoY and 4% YTD to ¥ 273.7bn. 1.4 (0.4)
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 1Q 2026 Outcome 2026 Guidance 1Q 2026 Revision Guidance Drivers The guidance reflects stronger volumes in both Loans & Advances Growth +3.3% 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