Q1 2026 Alinma Bank SJSC Earnings Call Transcript
Key Points
- Alinma Bank (SAU:1150) reported a 4% increase in financing and total assets, reaching $324 billion.
- Operating income rose by 7%, while net income saw an 11% increase.
- Customer deposits grew by 5% year-to-date, with CASA deposits experiencing an 11% growth, now comprising 49.5% of total deposits.
- The bank launched two open banking products and four new private funds with AUMs of 22 billion SAR.
- Alinma Bank issued a $300 million Tier 2 private placement and $475 million in CDs, enhancing its funding instruments.
- Net interest margin (NIM) decreased by 16 basis points compared to the same quarter last year.
- Non-yield income dropped by 26% sequentially, with a notable decline in FX income and card services fees.
- The cost-to-income ratio increased to 32.6% from 31.2% in the previous quarter.
- The bank's cost of risk guidance remains at 35 to 45 basis points, indicating potential higher provisioning in upcoming quarters.
- There was a significant decline in non-funded income, attributed to regulatory changes and lower market volumes.
Good afternoon, everyone.
Thank you for taking the time to join us today. My name is Mehmet Sevim, Mina Banks Analyst at JP Morgan, and we're delighted to host Alinma Bank for their first quarter 2026 results call.
Please note that this call is being recorded. The management team will take us through the quarterly highlights before we open up for Q&A.
And with that, let me hand it over to Alvar Shahri, Head of Investor Relations.
Thank you, Mehmed. Good day, everyone. Welcome, and thank you for joining us today in the Linmat earnings call for the first quarter of 2026.
Our MD and CEO, Mr. Abdullah Khalifa, will begin by providing an overview of Linmat's performance financial highlights, followed by our new strategy recap and update on the strategy achievement.
After that, our CFO, Mr. Adelah Belfail, who will be presenting a detailed financial performance.
For up to this March 2026, ending
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