Saudi Banks’ consolidated profit rises 29% in August 2014

Consolidated earnings of Saudi banks rose 29% to SAR 3.8bn in August 2014 compared to SAR 2.94bn for the same month last year; according to SAMA’s monthly newsletter released today.

Saudi Banks’ earnings grew 12% to SAR 28.23bn during the first eight months of 2014 compared to SAR 25.16bn 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 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
--	--	2.99	September
--	--	3.14	October
--	--	2.81	November
--	--	1.59	December

Consolidated balance sheet of Saudi banks showed 14% increase in assets reaching SAR 2069bn by the end of August 2014.

Deposits rose 15% to SAR 1524bn and loans’ portfolio grew 12% reaching SAR 1233bn as shown in the following tables:

Saudi banks’ consolidated Assets 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
--	--	1836	September
--	--	1840	October
--	--	1875	November
--	--	1893	December

Saudi banks’ consolidated deposits 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
--	--	1346	September
--	--	1342	October
--	--	1365	November
--	--	1402	December

Saudi banks’ consolidated loan portfolio 22014 (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
--	--	1106	September
--	--	1112	October
--	--	1124	November
--	--	1124	December

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