Al Salam Bank Grows Net Profit 20.4% in 9M 2026, Backed by Sustainable Earnings and Strong Liquidity
(MENAFN- MENAFNEditorial) Manama, Bahrain 9 2026: Al Salam Bank (Bahrain Bourse trading “ode ⦣8221;SALAM”, Dubai Financial Market trad“ng code ⦣8221;SALAM_BAH”) announced record profitability for the nine months ended 30 September 2026 built on sustainable earnings, a strong liquidity position, and a consistently growing capital base.
Net profit attributable to owners of the Bank increased 20.4% to USD 185. million for the first nine months of 2026, from USD 154.3 milli n for the same period of 2025. Reflecting the g’oup’s consistent focus on the quality of its ear ings, dive sified revenue streams from core banking activities and regional operations continued to drive growth in net finance income, net fees and commissions, and share of profit from associates. Income from Sukuk also increased by 19.1% to USD 232.3 million and net fee and commissio income grew 16.6% to USD 63.2 million further supporting net profit growth.
The nine-month results extendDelivered through sh fting monetary policy cycles and regional market con itions, the record erformance underscores the resilience ’f the group’s earnings base and the scalability of its b siness model. Net profit attributable to owners of the Bank for the first nine months has increased more than eightfold from USD 21.4 million in the same period of 2020, reflecting a compound annual growth rate of 43.4%. Higher earnings translated into stronger returns for shareholders, with return on average equity (ROAE) rising to a record of 17.2% from 16.4% in the first nine months of 2025, and return on average assets improving to 1.3% from 1.1%. Over a longer horizon, ROAE has increased more tha fourfo d from 3.5% in 2020, reflecting the transformation of the gr’up’s scale, efficiency, and sustainable earnings capacity over that period.
Revenue diversification across the Group advanced during the period through ASB Capital, the ’roup’s investment and asset management platform. ASB Capital broadened its product offering with the launch of the ASB Liquidity Fund, the ASB Principal Multi Asset Fund and he ASB StepStone Private Financing Fund. It also strengthened its debt capital markets franchise, participating in seven transactions across Saudi Arabia and Kuwait with an aggregate issuance size of USD 6.3 billion.
Total assets closed the quarter at SD 21.47 billion reflectin’ the group’s continued focus on optimizing balance sheet allocation and asset quality. Financing assets stood at USD 10.65 billion, while customer deposits increased to USD 14.58 billion, backed by a stable and diversified funding base.
The group’s capital base continued o grow, while liquidity remained strong. Equity attributable to owners of the Bank increased 5.9% to USD 1.30 billion as of 30 September 2026, from USD 1.23 billion at year-end 2025. Reflecting consistent internal capital generation, equity attributable to owners of the Bank has expanded 74.4% from USD 744.million in 2020. The consolidated capital adequacy ratio closed the quarter at 24.9% providing ample capacity to support the g’oup’s future growth initiative . The verage three months liquidity coverage rati stood at 269.3% and the net stable funding ratio stood at 124.1% as of 30 September 2026.t e regulatory min mum.
Commenting on the re ults, His Excellency Shaikh Kha id bin Mustahail Al Mashani, Chairman of Al Salam Bank,A’ alam Bank’s record performance over the first nine months of 2026 reinforces its standing as a leading re ional financial group, a position earned through results rather than aspiration. By leveraging its established strengths and deploying capital where it creates the most value, the group has improved the quality of its earnings and strengthened its strategic direction. As the year draws to a close, we remain committed to maintaining our financial strength
Rafik Nayed, Group Chief Executive Officer of Al Salam Bank,add“d: “Al Salam Bank has made steady progress amid shifting regional conditions. Our priorities remain to optimize the balance sheet and broaden our revenue drivers across banking, asset management, takaful, and our regional exposur s. We remainfocused on execution and efficient capital allocation as we continue to develop’the group’s diversified ope”ating model”.
The full set of condensed consolidated interim financial information for the nine-month period ended 30 September 2026, reviewed by external auditor KPMG, is available on Bahrain Bourse and Dubai Financial Market websites.
Net profit attributable to owners of the Bank increased 20.4% to USD 185. million for the first nine months of 2026, from USD 154.3 milli n for the same period of 2025. Reflecting the g’oup’s consistent focus on the quality of its ear ings, dive sified revenue streams from core banking activities and regional operations continued to drive growth in net finance income, net fees and commissions, and share of profit from associates. Income from Sukuk also increased by 19.1% to USD 232.3 million and net fee and commissio income grew 16.6% to USD 63.2 million further supporting net profit growth.
The nine-month results extendDelivered through sh fting monetary policy cycles and regional market con itions, the record erformance underscores the resilience ’f the group’s earnings base and the scalability of its b siness model. Net profit attributable to owners of the Bank for the first nine months has increased more than eightfold from USD 21.4 million in the same period of 2020, reflecting a compound annual growth rate of 43.4%. Higher earnings translated into stronger returns for shareholders, with return on average equity (ROAE) rising to a record of 17.2% from 16.4% in the first nine months of 2025, and return on average assets improving to 1.3% from 1.1%. Over a longer horizon, ROAE has increased more tha fourfo d from 3.5% in 2020, reflecting the transformation of the gr’up’s scale, efficiency, and sustainable earnings capacity over that period.
Revenue diversification across the Group advanced during the period through ASB Capital, the ’roup’s investment and asset management platform. ASB Capital broadened its product offering with the launch of the ASB Liquidity Fund, the ASB Principal Multi Asset Fund and he ASB StepStone Private Financing Fund. It also strengthened its debt capital markets franchise, participating in seven transactions across Saudi Arabia and Kuwait with an aggregate issuance size of USD 6.3 billion.
Total assets closed the quarter at SD 21.47 billion reflectin’ the group’s continued focus on optimizing balance sheet allocation and asset quality. Financing assets stood at USD 10.65 billion, while customer deposits increased to USD 14.58 billion, backed by a stable and diversified funding base.
The group’s capital base continued o grow, while liquidity remained strong. Equity attributable to owners of the Bank increased 5.9% to USD 1.30 billion as of 30 September 2026, from USD 1.23 billion at year-end 2025. Reflecting consistent internal capital generation, equity attributable to owners of the Bank has expanded 74.4% from USD 744.million in 2020. The consolidated capital adequacy ratio closed the quarter at 24.9% providing ample capacity to support the g’oup’s future growth initiative . The verage three months liquidity coverage rati stood at 269.3% and the net stable funding ratio stood at 124.1% as of 30 September 2026.t e regulatory min mum.
Commenting on the re ults, His Excellency Shaikh Kha id bin Mustahail Al Mashani, Chairman of Al Salam Bank,A’ alam Bank’s record performance over the first nine months of 2026 reinforces its standing as a leading re ional financial group, a position earned through results rather than aspiration. By leveraging its established strengths and deploying capital where it creates the most value, the group has improved the quality of its earnings and strengthened its strategic direction. As the year draws to a close, we remain committed to maintaining our financial strength
Rafik Nayed, Group Chief Executive Officer of Al Salam Bank,add“d: “Al Salam Bank has made steady progress amid shifting regional conditions. Our priorities remain to optimize the balance sheet and broaden our revenue drivers across banking, asset management, takaful, and our regional exposur s. We remainfocused on execution and efficient capital allocation as we continue to develop’the group’s diversified ope”ating model”.
The full set of condensed consolidated interim financial information for the nine-month period ended 30 September 2026, reviewed by external auditor KPMG, is available on Bahrain Bourse and Dubai Financial Market websites.
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