Arab National Bank Q1 Profit Jumps 18% on Margin Gains

Arab National Bank posted Q1 profit of SAR1.4 bn (SAR0.60/share), up 18% QoQ and 4% YoY.
Revenue rose 7% QoQ, driven by 6% net interest income growth and 11% rise in non‑interest income.
Net interest margin expanded ~5 bps to 2.98% of assets; cost of risk fell to 27 bps from 31 bps.
Loans grew 2% QoQ, deposits fell 0.6%, pushing loan‑to‑deposit ratio to 95.5% from 93.3%.