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Al-Solum: Banque Saudi Fransi Focuses on Cost and Risk Control
The Saudi French Bank achieved positive financial results during the first nine months of 2026, with a net profit of 4.38 billion Riyals, representing a 7% increase compared to the same period last year. This growth was supported by a 6% rise in total operating income, reaching 8.42 billion Riyals. The third quarter alone recorded a net profit of 1.51 billion Riyals, up by 12% compared to the same quarter in 2025. The bank is focused on sustaining growth through the implementation of its "BSF 2030" strategy, which includes developing its services and enhancing the customer experience. This includes the opening of a new branch in Riyadh that offers comprehensive services combining digital and interactive options, aiming to improve service delivery and reduce the need for customers to switch between service providers. The bank also continues to maintain stable asset quality and risk costs, while committed to digital transformation initiatives and innovation in banking services.
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