PSIF Q3 Profits Increase 11.5 Percent
The net profit of Banque Saudi Fransi ("BSF") increased by 11.5% in the third quarter of 2026, reaching 1.51 billion riyals, supported by a 10.1% rise in operating income. Additionally, profits for the first nine months grew by 6.9% to 4.38 billion riyals, with total assets rising to 338.64 billion riyals by 7.5%. The bank recorded increases in its loan and deposit portfolios by 6.9% and 9.3%, respectively. Earnings per share for the nine-month period amounted to 1.62 riyals, continuing a positive performance despite higher provisions for credit losses.
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