Saudi Awwal Bank delivers SR4.4 billion net profit for 1H 2026, reflecting resilient performance

Saudi Awwal Bank reported a net profit of SR4.4 billion for the first half of 2026, marking a 4% increase from the same period in 2025. The bank's total operating income remained stable at SR7,275 million, with only a 1% decline compared to the same period last year. Second-quarter revenue of SR3,663 million also increased by 1% compared to the previous quarter.

Despite a more cautious lending environment, the bank maintained resilient financial performance through disciplined execution, sustained loan growth, and strong fee income. The bank's balance sheet remained robust, and it continued to expand its customer base while maintaining high asset quality. Chairman of the Board, Lubna S. Olayan, attributed the bank's success to its diversified business model and disciplined execution of its long-term strategy.

She emphasized the bank's commitment to creating sustainable long-term value for shareholders while supporting customers and contributing to the Kingdom's Vision 2030. During the second quarter, the bank maintained resilient margins, saw a rebound in fee income, recorded strong loan growth, and maintained a high-quality credit portfolio.

Mortgage lending continued to perform well, reflecting the bank's support for home ownership and the Kingdom's housing objectives. The bank also played a crucial role in Saudi Arabia's economic transformation through financing in strategic sectors such as infrastructure, healthcare, housing, and sustainability. Awwal Bank received several international recognitions, including two Global Banking Awards and two Global Finance Innovators Awards, further solidifying its position as a leading innovation-led financial institution in the Kingdom.