Saudi banks consolidated earnings up 7% in July

The consolidated earnings of Saudi-based banks grew by around seven percent in July to SAR 3.41 billion compared to the same month in 2013, a Saudi Arabian Monetary Agency report said.

The figures cover 11 listed banks, the National Commercial Bank (NCB) and 11 units of foreign banks.

Saudi-based banks posted SAR 24.43 billion in earnings between January and end of July 2014, ten percent higher than the same period last year.

Saudi banks’ consolidated earnings July 2014 (billion riyals)
Change	2014	2013
+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
--	--	2.94	August
--	--	2.99	September
--	--	3.14	October
--	--	2.81	November
--	--	1.59	December

Saudi banks’ consolidated assets rose by 13 percent by the end of July at around SAR 2.051 trillion, while their deposit base grew 15 percent to SAR 1.521 trillion. Their consolidated loans portfolio grew 12 percent to SAR 1.221 trillion as shown in the following tables.

Saudi banks consolidated assets - July 2014 (billion riyal)
Change	2014	2013
+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
--	--	1817	August
--	--	1836	September
--	--	1840	October
--	--	1875	November
--	--	1893	December

Saudi banks’ consolidated deposits - July 2014 (billion riyal)
Change	2014	2013
+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
--	--	1325	August
--	--	1346	September
--	--	1342	October
--	--	1365	November
--	--	1402	December

Saudi banks’ consolidated loans portfolio - July 2014 (billion riyal)
Change	2014	2013
+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
--	--	1098	August
--	--	1106	September
--	--	1112	October
--	--	1124	November
--	--	1124	December

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