Al Rajhi Bank’s profits surge to SAR 5.9bn in Q1-25 - Mubasher Info
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Riyadh - Mubasher: The net profits after Zakat and tax of Al Rajhi Bank increased by 34.07% year-on-year (YoY) to SAR 5.90 billion in the first quarter (Q1) of 2025, compared to SAR 4.40 billion.
The clients' deposits hit SAR 629.22 billion in the first three months (3M) of 2025, marking a 4.18% growth from SAR 603.97 billion in Q1-24, according to the financial results.
The earnings per share (EPS) rose to SAR 1.41 in the January-March 2025 period from SAR 1.05 in the same period a year ago.
Moreover, the assets stood at SAR 1.02 trillion in Q1-25, signaling a 22.37% increase from SAR 835.99 billion in Q1-24.
The bank's investments hiked by 25.22% YoY to SAR 177.90 billion as of 31 March 2025 from SAR 142.07 billion.
Quarter-on-quarter (QoQ), the net profits of the Saudi lender in Q1-25 rose by 7.07% from SAR 5.51 billion in Q4-24.
In 2024, Al Rajhi Bank generated net profits worth SAR 19.72 billion in addition to customer deposits of SAR 628.23 billion.
It is worth mentioning that in 9M-24, the bank logged 14.09% higher net profits at SAR 14.20 billion, compared to SAR 12.45 billion in 9M-23.
Source: Mubasher Source: {{details.article.source}}