Riyad Bank 2022 AR2
The report outlines Riyad Bank's strategic progress and record financial performance in 2022, highlighted by a net profit of SAR 7.0 billion, a 16.5% increase from 2021. The bank achieved a major milestone by issuing the world's first sustainable Additional Tier 1 (AT1) Sustainability Sukuk, valued at USD 750 million. Riyad Bank also maintained its leadership in supporting small and medium enterprises, securing a 22% market share in SME credit facilities. Additionally, the bank advanced its digital transformation with the soft launch of its Digital Innovation Center, Jeel, and achieved an 84% customer satisfaction rate.
Company: Riyad Bank
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2022
Type: AR2
Pages: 107
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Riyad Bank
Annual Report
The report outlines Riyad Bank's strategic progress and record financial performance in 2022, highlighted by a net profit of SAR 7.0 billion, a 16.5% increase from 2021. The bank achieved a major milestone by issuing the world's first sustainable Additional Tier 1 (AT1) Sustainability Sukuk, valued at USD 750 million. Riyad Bank also maintained its leadership in supporting small and medium enterprises, securing a 22% market share in SME credit facilities. Additionally, the bank advanced its digital transformation with the soft launch of its Digital Innovation Center, Jeel, and achieved an 84% customer satisfaction rate.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target
Employees