alinma Bank announced today that it achieved a net profit of 1,508 million Saudi Riyals after Zakat for the three-month period ending March 31, 2025, reflecting an impressive growth rate of 14.7% compared to the same quarter of the previous year.
Commenting on the financial performance, Chairman of the board of directors at alinma, Dr. Abdulmalik Al-Hogail, stated that the strong results were fueled by the continued expansion in the bank’s core banking activities during the first quarter of 2025. He noted that total assets climbed to 287,222 million Saudi Riyals, a 17.3% increase from 244,859 million Saudi Riyals in the same period last year. Meanwhile, the financing portfolio grew by 15.9% to reach 209,435 million Saudi Riyals, up from approximately 180,702 million Saudi Riyals the year before. Consequently, net income from financing and investments rose by 13.5% to 2,283 million Saudi Riyals, compared to 2,012 million Saudi Riyals for the same period in 2024. Customer deposits also witnessed strong growth, reaching 218,839 million Saudi Riyals with a 15.8% increase compared to 188,988 million Saudi Riyals a year earlier. Return on assets stood at 2.14%, while return on equity reached 18.03%. The coverage ratio for non-performing loans was maintained at a robust position of 156.41% as of March 31, 2025, reflecting alinma Bank’s ability to stay one step ahead in delivering sustainable growth and value.
Dr. Al-Hogail commented: "The first quarter of 2025 marked a strong start for alinma Bank, driven by the strength of our core banking operations and our focus on delivering consistent, high-quality growth. Our performance reflects the successful execution of our strategy to expand our financing portfolio, grow customer deposits, and enhance asset quality — ensuring we remain one step ahead in a competitive market."
“At the same time, we recognize that true leadership extends beyond financial performance. Through our AMAD program, we have advanced our sustainability agenda by launching the alinma Net Zero Strategy, developing our ESG Risk Framework, and preparing to launch the Sustainable Saving Account to promote responsible financial behaviors. We have also continued to drive social impact — empowering youth with financial knowledge, supporting entrepreneurship, and contributing to education and community development. In addition, our collaboration with the Finance Academy to expand sustainability awareness further demonstrates our commitment to embedding ESG principles into our business practices. These efforts reflect our belief that sustainable growth must go hand in hand with social responsibility, innovation, and long-term value creation — fully aligned with the goals of Saudi Arabia’s Vision 2030."