Saudi Arabia banks see aggregated profits grow 13% in November

The aggregated earnings of Saudi Arabian banks rose 13 percent to SAR 3.18 billion in November 2014 compared to SAR 2.81 billion for the same month last year, according to the central bank’s monthly newsletter released on Thursday.

Earnings grew nine percent to SAR 37.21 billion during the first 11 months of 2014, compared to SAR 34.1 billion for the same period last year.

The earnings included the results of Saudi Arabia’s 12 listed banks, as well as the 11 foreign banks operating in the kingdom.

Aggregated Profit of Saudi Banks - November 2014 (SAR/bln)
Change	2014	2013	Month
+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
+5%	3.30	3.14	October
+13%	3.18	2.81	November
--	--	1.59	December

The consolidated balance sheet of Saudi banks showed a 12 percent increase in assets reaching SAR 2,092 billion by the end of November 2014.

Deposits rose 13 percent to SAR 1,542 billion and loan portfolios grew 12 percent reaching SAR 1,261 billion as shown in the following tables:

Consolidated Assets of Saudi Banks - November 2014 (SAR/bln)
change	2014	2013	Month
+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
+15%	2114	1840	October
+12%	2092	1875	November
--	--	1893	December

Consolidated Deposits of Saudi Banks - November 2014 (SAR/bln)
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
+15%	1550	1342	October
+13%	1542	1365	November
--	--	1402	December

Consolidated Loans Granted to Private Sector - November 2014 (SAR/bln)
Change	2014	2013	Month
+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
+16%	1287	1112	October
+12%	1261	1124	November
----	----	1124	December

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