Saudi Banks’ consolidated profit slides 16% in September 2014

Consolidated earnings of Saudi banks declined 16% to SAR 2.5bn in September 2014 compared to SAR 2.99bn for the same month last year; according to SAMA’s monthly newsletter released today.

Earnings of Saudi banks rose 9% to SAR 30.73bn for the nine months ended September 30, 2014 compared to SAR 28.15bn for the same period last year.

The earnings included the results of the 11 Saudi listed banks in addition to the National Commercial bank (NCB) and 11 foreign banks’ branches operating in the Kingdom.

Saudi banks’ consolidated earnings September 2014 (SAR/billion)
change	2014	2013	period
+13%	3.69	3.26	January
+4%	3.11	2.99	February
+14%	3.49	3.05	March
+38%	4.33	3.14	April
+11%	3.57	3.22	May
(16%)	2.83	3.38	June
+7%	3.41	3.18	July
+29%	3.80	2.94	August
(16%)	2.50	2.99	September
--	--	3.14	October
--	--	2.81	November
--	--	1.59	December

Consolidated balance sheet of Saudi banks showed 13% increase of assets reaching SAR 2068bn by the end of September 2014.

Deposits rose 13% to SAR 1526bn and loans’ portfolio grew 13% reaching SAR 1252bn as shown in the following tables:

Saudi banks’ consolidated Assets September 2014 (SAR/billion)
change	2014	2013	Period
+11%	1937	1743	January
+11%	1953	1754	February
+12%	1991	1772	March
+12%	2012	1795	April
+12%	2032	1815	May
+12%	2032	1808	June
+13%	2051	1815	July
+14%	2069	1817	August
+13%	2068	1836	September
--	--	1840	October
--	--	1875	November
--	--	1893	December

Saudi banks’ consolidated deposits September 2014 (SAR/billion)
change	2014	2013	period
+13%	1434	1266	January
+14%	1438	1263	February
+14%	1474	1292	March
+14%	1492	1313	April
+12%	1495	1331	May
+13%	1495	1327	June
+15%	1521	1328	July
+15%	1524	1325	August
+13%	1526	1346	September
--	--	1342	October
--	--	1365	November
--	--	1402	December

Saudi banks’ consolidated loan portfolio September 2014 (SAR/billion)
Change	2014	2013	period
+12%	1136	1011	January
+12%	1148	1022	February
+13%	1167	1034	March
+12%	1180	1055	April
+12%	1196	1068	May
+12%	1215	1082	June
+12%	1221	1092	July
+12%	1233	1098	August
+13%	1252	1106	September
--	--	1112	October
--	--	1124	November
--	--	1124	December

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