The profits of the first Saudi bank surpass the expectations despite the pressure of the awards

The first Saudi bank recorded quarterly of 2.14 billion Riyals during the first quarter of 2025, exceeding the average expectations of 7,04 billion Riyals expectations, according to data collected by “Bloomberg”. Bank’s profits rose 4.5% annually, powered by an increase in total operating income by 5%. This achievement came despite the increase in a clear net loss of credit by 75.3%, in addition to a slight increase in operating expenses by about 1.9%, according to a statement published by the bank on the Saudi Stock Exchange website “Tadawul”. At the level of budget, the bank’s assets increased by 15% compared to last year, while deposits grew by 9%.