ab 13 August 2024 Global Research and Evidence Lab Alinma Bank SJSC ALINMA Post 2Q24: Higher growth guidance 2Q24 2% profit beat on better revenue, with updated guidance Alinma's 2Q24 net profit was 2% above Visible Alpha consensus, driven by a 2% beat on NII and a 3% beat on noninterest income, with asset quality broadly in line with expectations. On the call it improved guidance for loan growth (from mid to high teens), and cost of risk (from 65-75bps to 60-70bps), but lowered it for cost/income (from c30 ...