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The total mortgage portfolio of Saudi Bank Albilad increased to SAR 44.15 billion at the end of September 2026, compared to SAR 43.03 billion in the same period in 2025, recording a growth of 2.6%, an increase of about SAR 1.13 billion, according to the bank’s interim financial statements.
Mortgage Finance Represents 71% of Individual Finance
Bank Albilad’s financial statements showed that mortgage financing accounted for about 71.4% of the total retail financing portfolio, amounting to SAR 61.18 billion at the end of September 2026, reflecting the significant weight of housing finance within the bank’s targeted activity.
The net mortgage, after deducting the expected credit losses provision, amounted to about 43.50 billion riyals, compared to 42.41 billion riyals at the end of September 2025, an increase of 2.6%.
Non-working mortgage finance is SAR 393 million
Bank Albilad’s non-working mortgages recorded about 393.07 million riyals at the end of September 2026, compared to 364.49 million riyals in the same period of the previous year, an increase of 7.8%.
The percentage of non-working mortgage financing to the total real estate portfolio was about 0.89%, compared to 0.85% at the end of September 2025.
In contrast, the allocation of expected credit losses for mortgage financing increased to SAR 654.36 million, compared to SAR 621.92 million in September 2025.
Limited growth since the beginning of the year
On the basis of comparison with the end of December 2025, the total mortgage financing of Bank Albilad increased from SAR 44.02 billion to SAR 44.15 billion at the end of September 2026, an increase of about SAR 130 million and a growth of 0.3% in nine months.
The data indicates that most of the annual growth in the real estate portfolio was achieved before the beginning of 2026, while the mortgage balance recorded limited growth during the first nine months of this year.
Real estate finance and its role in housing demand
Bank Albilad’s mortgage portfolio reflects the importance of bank financing in supporting the purchase of housing in the Saudi market, where mortgage financing represents more than 70% of the total retail financing of the bank.
However, the growth of the portfolio balance does not necessarily reflect the volume of new real estate financing granted during the period; the balance is affected by new financing, repayment, adjustments and other factors.
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