Saudi Banks’ aggregated profit rises 5% in October 2014

Aggregated earnings of Saudi banks rose 5% to SAR 3.3bn in October 2014 compared to SAR 3.14bn for the same month last year; according to SAMA’s monthly newsletter released today.

Saudi banks’ aggregated profit for the first 10 months of year 2014 rose 9% to SAR 34.03bn compared to SAR 31.29 bn for the same period last year.

The earnings included the results of the 12 Saudi listed banks and 11 foreign banks’ branches operating in the Kingdom.

Saudi banks’ aggregated profit October 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
(16%)	2.50	2.99	September
+5%	3.30	3.14	October
--	--	2.81	November
--	--	1.59	December

Aggregated balance sheet of Saudi banks showed 15% increase in assets reaching SAR 2114bn by the end of October 2014.

Deposits rose 15% to SAR 1550bn and loans’ portfolio grew 16% reaching SAR 1287bn as shown in the following tables:

Saudi banks’ aggregated Assets October 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
+13%	2068	1836	September
+15%	2114	1840	October
--	--	1875	November
--	--	1893	December

Saudi banks’ aggregated deposits October 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
+13%	1526	1346	September
+15%	1550	1342	October
--	--	1365	November
--	--	1402	December

Saudi banks’ aggregated loans granted to private sector October 2014 (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
+13%	1252	1106	September
+16%	1287	1112	October
--	--	1124	November
--	--	1124	December

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