All UAE Saudi Egypt
Reset All
Showing 9 of 11
  • Saudi Flag
    FIRST LOOK NOTES
    23 Apr 2025
    Riyad Bank
    BUY
    SAR 30.95
    SAR 36.00
    +16.32%

    Saudi Equity Research - Riyad Bank (RIBL) 1Q25 - First Look Note

    Net Loans and advances grew 19.8% YOY and 5.9% QOQ to SAR 339 Bn in 1Q25. Riyad Bank customer deposits increased 12.2% YOY and declined 0.8% QOQ in 1Q25 to SAR 304.1 Bn.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    06 Mar 2025
    Riyad Bank
    BUY
    SAR 30.00
    SAR 36.00
    +20.00%

    Saudi Equity Research - Riyad Bank (RIBL) 4Q24 - First Look Note

    The Bank’s witnessed robust growth in Corporate and Retail sectors, driving the net income in FY2024 with a healthy demand from corporates and SME’s. Net Loans and advances grew 16.7% YOY and 4.8% QOQ to SAR 320.1 Bn in 4Q24.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    29 Oct 2024
    Riyad Bank
    BUY
    SAR 25.80
    SAR 36.00
    +39.53%

    Saudi Equity Research - Riyad Bank (RIBL) 3Q24 - First Look Note

    Total assets rose 12.0% YTD to SAR 433.4 Bn in 3Q24 driven by 11.3% growth in advances and 13.8% expansion in investments. Loan & advances expanded 14.3% YOY and 4.9% QOQ to SAR 305.4 Bn in 3Q24. Customer’s deposits expanded 15.3% YOY and 6.4% QOQ to SAR 293.6 Bn in 3Q24.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    11 Oct 2024
    Riyad Bank
    BUY
    SAR 25.15
    SAR 36.00
    +43.14%

    Higher fee income and lower impairment charges boosted profitability

    RIBL revised its cost of risk guidance from 65 – 75 bps to 55 – 65 bps and loan growth guidance to double-digit in FY2024.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    16 May 2024
    Riyad Bank
    BUY
    SAR 26.25
    SAR 36.00
    +37.14%

    Higher fee income and lower provisions aided profitability

    Riyad Bank's net advances rose 12.3% YOY and 3.1% QOQ to SAR 282.8 Bn in 1Q24 attributed to healthy credit demand primarily from corporate and SMEs owing to a healthy economic environment.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    29 Feb 2024
    Riyad Bank
    BUY
    SAR 31.35
    SAR 36.00
    +14.83%

    A decline in non-funded income coupled with higher opex and impairments impacted the bottom-line

    RIBL’s net advances rose 13.2% to SAR 274.4 Bn in 2023 while customer deposits recorded a 6.2% YOY to SAR 254.9 Bn in 2023. RIBL’s headline loan to deposits ratio rose from 104.9% in 3Q23 to 107.6% in 4Q23 pressurizing liquidity.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    26 Oct 2023
    Riyad Bank
    BUY
    SAR 26.30
    SAR 36.00
    +36.88%

    Healthy growth in funded and non-funded income drove profitability

    Riyad Bank (“RIBL”, “The Bank”) recorded a 14.3% YOY increase in net profit to SAR 2,089 Mn in 3Q23, in line with our estimate of SAR 2,097 Mn.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    20 Jul 2023
    Riyad Bank
    BUY
    SAR 34.60
    SAR 40.00
    +15.61%

    Deposit growth will ease liquidity pressure providing headroom for loan growth

    The Bank expects its advances to grow by high single-digit to low double-digit in 2023 .Customer deposits recorded a strong growth of 14.7% YOY and 5.8% QOQ to SAR 272.3 Bn in 2Q23 boosting liquidity which will support loan growth.
    Download
  • Saudi Flag
    FIRST LOOK NOTES
    03 May 2023
    Riyad Bank
    BUY
    SAR 31.15
    SAR 40.00
    +28.41%

    Higher net funded income partially mitigated by higher provision

    Riyad Bank (“RIBL”, “TheBank”) recorded 30.1% YOY increase in net profit to SAR 2,020 Mn in 1Q23, higher than our estimate of SAR 2,120 Mn.The increase in the net profit owing to a healthy growth rate in net funded income partially offset by a rise in total operating expenses and impairment charges.
    Download

Filter by

Advance Search

Search Company

List of companies
Search result
Commercial International Bank (COMI) Telecom Egypt