Riyad Bank Reports Net Profit of 5.3 Billion for H 1 2026
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Riyad Bank Reports Net Profit of 5.3 Billion for H 1 2026
Riyad Bank announced strong financial results for the first half of 2026, reporting net profit of 5.3 billion S..R, representing an increase of 3.5 % compared with the same period last year. this performance reflects the Bank's strong financial position, supported by higher total operating income. Customer deposits also grew by 9.9%, underscoring customers continued confidence in the Bank and its ability to deliver sustainable growth.
During the first half, Riyad Bank’s Center of Intelligence (COI) continued to advance the adoption of Artificial Intelligence as a key driver and enabler of operational efficiency and innovation. Key achievements included the development of AI-powered Solutions, the expansion of process automation, and the use of Machine Learning and Predictive Analytics to optimize workflows and strengthen customer service excellence and retention. These initiatives further enhance the Bank's institutional capabilities while contributing to the advancement of banking industry standards in Saudi Arabia.
As part of its strategic commitment to sustainability, Riyad Bank continued to deliver strong progress against its long-term objectives. The Bank’s sustainable finance portfolio exceeded 42 billion S..R, reflecting continued momentum in financing activities that support Saudi Vision 2030. Building on this progress, the Bank increased its sustainable finance target to 60 billion S..R by 2030, reinforcing its commitment to supporting clients’ transition to a more sustainable and resilient economy. During this period, Riyad Bank also launched the region’s first dedicated Transition Finance Framework to receive an independent Second Party Opinion, complementing its Sustainable Finance Framework and further strengthening the Bank’s sustainable finance platform, governance and credibility with investors.
Beyond financing activities, Riyad Bank continued to deliver measurable social impact through its Bukra CSR strategy, reaching more than 60,000 beneficiaries across initiatives promoting financial inclusion, community wellbeing and economic empowerment. Flagship programmes included enabling Hajj for persons with disabilities, supporting healthcare through blood donation initiatives, and expanding economic opportunities for low-income family-run micro-enterprises through the provision of retail kiosks, reinforcing the Bank’s commitment to creating sustainable social value in support of Saudi Vision 2030.
Riyad Bank continues to build on its achievements by enhancing its banking service solutions, driving innovation and digital transformation, elevating them, and advancing the adoption of leading sustainable practices. Through these efforts, The Bank aims to, creating greater for shareholders while supporting the Kingdom’s economic development objectives.