Saudi Equity Research - Alinma Bank 2Q25 - First Look Note
The Bank’s net advances increased 15.1% YOY and 4.4% QOQ to SAR 218.6 Bn in 2Q25, while the customer deposits expanded 12.0% YOY and 5.1% QOQ to SAR 229.9 Bn in 2Q25. Loan-to-deposit ratio increased 259 bps YOY and declined 64 bps QOQ to 95.1% in 2Q25.
Saudi Equity Research - Alinma Bank 1Q25 - First Look Note
Net advances grew 15.9% YOY and 3.5% QOQ to SAR 209.4 Bn in 1Q25. Impairment charges fell 14.4% YOY to SAR 226 Mn in 1Q25, driven by the introduction of better-quality new assets.
Saudi Equity Research - Alinma Bank 4Q24 - First Look Note
Net advances grew 16.5% YOY and 3.3% QOQ to SAR 202.3 Bn in 4Q24; expects advances to grow by mid-teens in FY2025. Customer deposits rose 12.1% YOY and 0.7% QOQ to SAR 210.5 Bn in 4Q24 driven by solid growth in CASA.
Saudi Equity Research - Alinma Bank 3Q24 - First Look Note
Net advances grew 15.9% YOY and 3.2% QOQ to SAR 195.9 Bn in 3Q24, whereas Customer deposits grew 16.0% YOY and 1.8% QOQ to SAR 209.1 Bn in 3Q24. Asset quality remained stable as the NPL ratio stood unchanged at 0.8% in 3Q24 compared to 2Q24.
