The Saudi banks raised their credit portfolios to SAR 962bn, 11% more than 2012 levels; as indicated in a study performed by Argaam, on Saudi banks’ financial statements as of December 31, 2013.

Non-performing loans fell by 15% to SAR 12.7bn at the end of 2013 with an increased coverage ratio of 155%, compared to 146% in 2012.

 

Comparison of Saudi Banks Credit Portfolio in 2013 to the Same Period of 2012

Change

2013

2012

Period

+11%

962

864

Credit Portfolio in billion

(15%)

12.7

14.9

Non-performing loans in billion

(0.4%)

1.34%

1.77%

ratio of NPL to total credit

+9%

155%

146%

Coverage ratio
 

7 out of 11 banks, included in the study, reported a decline in the NPL. Riyad Bank and Al-Jazeerah Bank reported the most decline in NPL where the NPL were limited to SAR 1,264m and SAR 429 respectively.

The remaining four banks reported an increase in the NPL topped by Inmaa Bank where the NPL increased to more than double amount, followed by BSF at 45% increase.

 

      

 

NPL (2010-2013)

2013

2012

2011

2010

Bank

1264

2037

1879

1814

Riyad Bank

429

1040

1031

1330

Al-Jazira Bank

395

450

1802

1791

The Saudi Investment Bank

738

722

735

931

Saudi Hollandi Bank

1517

1045

1128

1016

Banque Saudi Fransi

1525

1598

1678

2615

Sabb

1004

1314

1784

2029

Arab National Bank (ANB)

2011

2340

2764

3139

Samba

3007

3530

2396

2663

Al Rajhi Bank

460

752

685

708

Bank Al-Bilad

302

122

10

0

Alinma Bank

12652

14950

15892

18036

Total
                 

* Numbers in SAR million

 

The NPL ratio, compared to total credit portfolio, decreased from 1.77% in 2012 to 1.34 in 2013.

Al-Bilad, SAMBA and Al-Rajhi banks reported the highest NPL ratios at 2%, 1.8% and 1.6% respectively, while Inmaa bank and the investment bank were the least in this regard at 0.7% an 0.8% respectively.

All banks under study have been able to increase their NPL coverage ratio above 140%, headed by the ANB at 205% and Al-Bilad Bank at 195% as shown in the following table:

 

Comparison of non-performing loans to credit portfolio and coverage percentage for 2012/2013
 

                        2013  

  

  2012 

  

 

Coverage ratio

NPL%

Coverage ratio

NPL%

Bank

153%

0.96%

124%

1.73%

Riyad Bank

154%

1.23%

132%

3.47%

Al-Jazira Bank

178%

0.83%

181%

1.32%

The Saudi Investment Bank

162%

1.37%

153%

1.59%

Saudi Hollandi Bank

                                                                     146%

1.36%

149%

1.01%

Banque Saudi Fransi

                                                                     148%

1.44% 

151%

1.66%

Sabb

                                                                     205%

1.14%

205%

1.52%

Arab National Bank (ANB)

                                                                    145%

1.77%

133%

2.28%

Samba

                                                                     144%

1.61%

136

2.05

Al Rajhi Bank

                                                                     195%

1.96%

145%

4.12%

Bank Al-Bilad

                                                                     170%

0.67%

230%

0.33%

Alinma Bank

                                                                    155%

1.34%

146%

1.77%

Total
 

 

 

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