Saudi National Bank (SNB) posted an impressive 20% year-on-year rise in third-quarter net profit, reflecting both strong domestic lending and a favorable interest rate environment. The bank’s performance was underpinned by a surge in net interest income and disciplined cost management, while non-performing loans remained stable. With total assets now surpassing $270 billion, SNB continues to play a pivotal role in financing the kingdom’s Vision 2030 transformation projects from infrastructure to small and medium enterprise development.

Executives highlighted that sustained government spending and private-sector diversification are creating a fertile lending landscape. Consumer financing and corporate credit remain resilient despite global monetary tightening. The bank’s digital expansion also continues to attract younger demographics, contributing to fee-based income growth. SNB’s robust balance sheet and steady profitability have made it one of the most closely watched financial institutions in the GCC, seen as a bellwether for regional banking strength.