Overview of bank branches in KSA in 9M 2024

The nine-month period witnessed the closure of several branches and the opening of new ones, as shown in the following table:

As many as 10 Tadawul-listed banks operate in the Kingdom. This is in addition to 18 foreign banks, including Emirates NBD (18 branches) and Gulf International Bank, National Bank of Kuwait, and First Abu Dhabi Bank with three branches each.

Industrial and Commercial Bank of China and Qatar National Bank (QNB) each has two branches in Saudi Arabia.

Foreign banks with one branch in the Kingdom include Shohar International Bank, National Bank of Iraq, Standard Chartered, Credit Suisse, MUFG Bank, Ziraat Bank Turkey, National Bank of Pakistan, JPMorgan Chase, National Bank of Bahrain, Bank Muscat, Deutsche Bank and BNP Paribas.

 
The number of Saudi-based bank branches decreased to 1,866 by the end of the first nine months of 2024. Al Rajhi Bank led with 512 branches, followed by Saudi National Bank (SNB) (482), Riyad Bank (231), and Arab National Bank (ANB) (121), as follows:

Geographically, Riyadh had the highest number of bank branches at 586. Makkah and Eastern Province followed with 378 and 357 branches, respectively, as indicated below:

Average assets per branch rose to SAR 2.29 billion by the end of 9M 2024, from SAR 2.08 billion by the end of 2023.

Average loans increased to SAR 1.45 billion per branch, with average deposits rising to SAR 1.42 billion per branch, as the following table shows: