Net funded income rose 3.7% YOY to SAR 4,324 Mn in 2Q25 supported by a rise in advances and asset yield. Net advances increased 6.5% YOY and 0.4% QOQ to SAR 209.9 Bn in 2Q25 due to growth across corporate and retail lending.
Saudi Equity Research - Banque Saudi Fransi (BSF) 1Q25 - First Look Note
BSF’s net funded income increased 10.4 % YOY to SAR 2,118 Mn in 1Q25. Net advances grew 12.7% YOY and 2.4% QOQ to SAR 209 Bn in 1Q24 and further estimates its loan book to grow by low teens in 2025. The BSF’s total equity rose 3.9% QOQ to SAR 48.4 Bn in 1Q25.
Saudi Equity Research - Banque Saudi Fransi (BSF) 4Q24 - First Look Note
The Bank continued to record strong momentum in loan book with 13.8% YOY and 1.6% QOQ growth to SAR 204.2 Bn in 4Q24. BSF expects its advances portfolio to grow by low teens in 2025. BSF launched its digital mobile application that features comprehensive functionality with additional services to be added in 2025.
Saudi Equity Research - Banque Saudi Fransi (BSF) 3Q24 - First Look Note
The Bank continued to record strong momentum in loan book which grew 15.1% YOY and 2.0% QOQ to SAR 201.0 Bn in 3Q24. The Bank’s cost-to-income ratio grew 554 bps YOY and 98 QOQ to 35.5% in 3Q24. The Saudi Capital Market Authority approved BSF’s request to increase capital from SAR 12.05 Bn to SAR 25 Bn.
