Credit Provisions of Saudi listed banks in addition to the National Commercial Bank rose 11% to SAR 5090m by the end of September-2014 compared to the same period last year; data compiled by Argaam indicated.

 

Saudi Banks credit provisions on a quarterly basis (SAR million)

Change

Provisions volume

Period

2011

(44%)

1217.8

Q1

(47%)

1255.9

Q2

(50%)

1532.6

Q3

(5%)

1793.7

Q4

2012

+34%

1630.6

Q1

+42%

1783.8

Q2

+64%

2522.3

Q3

(3%)

1742.6

Q4

2013

(4%)

1559.0

Q1

(30%)

1255.2

Q2

(30%)

1769.9

Q3

+54%

2679.3

Q4

2014

+18%

1832.1

Q1

+6%

1327.3

Q2

+9%

1931.1

Q3
         

Six, out of twelve banks understudy, reported a decline in Q3-2014’s provisions compared to the previous quarter. The remaining six banks increased their provisions led by NCB and Al Jazira bank.

 

Comparison of the provisions of the first 9 months of 2014 to the same period last year in SAR millions

Change

September 2014

September2013

Bank

(16%)

514.7

615.5

NCB

+29%

684.1

527.9

RIBL

+340%

367.6

83.5

BJAZ

+95%

176.0

90.0

Saudi Investment

+93%

258.5

133.8

Saudi Hollandi

(29%)

286.6

404.4

BSFR

--

357.7

357.4

SABB

(5%)

334.6

353.8

Arab National

(67%)

109.6

338.0

SAMBA

+34%

1889.1

1400.9

Al Rajhi

(86%)

19.9

148.7

AL Bilad

(34%)

91.2

139.8

Alinma

+11%

5090.4

4593.7

Total
 

The following table indicates Saudi banks quarterly credit provisions since 2011:
 

Saudi Banks Quarterly provisions for 2014 in SAR million

Q3

Q2

Q1

Bank

400.9

( 91.7)

205.7

NCB

217.4

262.9

203.8

RIBL

211.0

91.2

65.4

BJAZ

14.0

21.0

141.0

 Saudi Investment

89.6

79.7

89.2

Saudi Hollandi

72.6

105.4

108.6

BSFR

157.8

81.4

118.5

SABB

121.9

106.6

106.1

Arab National

7.4

31.9

70.3

SAMBA

597.0

598.2

693.9

Al Rajhi

( 9.1 )

24.4

4.7

AL Bilad

50.6

15.7

25.0

Alinma

1931.1

1327.3

1832.1

Total
 
 

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