Here's a review of bank branches in Saudi Arabia in 9M 2020

The bank branches operating in Saudi Arabia reached 2,036 in the first nine months of 2020, compared to 2,076 branches in 2019.

A total of 13 new branches opened in 9M 2020, while 53 others were closed down, according to the latest bulletin issued by the Saudi Arabian Monetary Authority (SAMA).

*Opening of branches and closure of other branches as indicated in the table below.

Riyad Bank shut 27 branches in the first nine months, followed by Saudi British Bank (SABB) closing down 15 branches. National Commercial Bank (NCB) shut eight branches but opened four new ones. Arab National Bank (ANB) closed down one branch during the period.

Alinma Bank added four new branches but closed down one. Meanwhile, Bank Aljazira and Bank Albilad opened one branch each, respectively. While Al Rajhi Bank opened two branches, Samba Financial Group added one and closed down one. 

As many as 11 banks are listed in the Saudi market, with 14 foreign banks operating in the Kingdom, including Emirates NBD (4 branches), Gulf International Bank (3), National Bank of Kuwait (3), as well as BNP Paribas of France, Deutsche Bank of Germany, Bank Muscat, National Bank of Bahrain (NBB), JPMorgan Chase & Co. of the United States, National Bank of Pakistan, Ziraat Bank Turkey, Industrial and Commercial Bank of China, Qatar National Bank, First Abu Dhabi Bank, and Bank of Tokyo-Mitsubishi UFJ.

Saudi banks had 2,013 branches in the first nine months of 2020, with Al Rajhi Bank topping with 546 branches followed by NCB (430), Riyad Bank (283), ANB (137), and SABB (117).

*Opening of branches and closure of other branches as indicated in the previous table.

Riyadh had the largest number of bank branches at 616. Makkah followed with 428 branches, and the Eastern Province with 392 branches.

In addition, average assets per branch rose to SAR 1.414 billion in 9M 2020 from SAR 1.267 billion in 2019.

Average loans increased to SAR 847 million per branch, with average deposits also rising to SAR 924 million per branch.

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