Saudi Equity Research - Riyad Bank (RIBL) 2Q26 - First Look Note
Riyad Bank (“RIBL”, “The Bank”) reported a 2.0% YOY increase in net profit to SAR 2,649 Mn in 2Q26, in line with our estimate of SAR 2,647 Mn. The growth in net profit is primarily driven by higher net funded income supported by an increase in non-funded income, partially offset by higher operating expenses, impairment charges and increase in tax expenses.
