Here's a review of bank branches in Saudi Arabia in H1 2021

The bank branches operating in Saudi Arabia reached 1,969 by the end of the first half of 2021, compared to 2,014 branches in 2020, a decrease of 45 branches. 

A total of eight new branches opened in H1 2021, while 53 others were closed down, according to the latest bulletin issued by the Saudi Central Bank (SAMA).

Meanwhile, Bank Aljazira, Credit Suisse, and Standard Chartered opened one branch each. Also, Emirates NBD and Alinma Bank added three and two new branches, respectively.

As many as 10 listed banks are operating in Saudi Arabia, in addition to 16 foreign banks with branches in Saudi Arabia, including Emirates NBD (seven branches), Gulf International Bank (three), National Bank of Kuwait (three), First Abu Dhabi Bank (three), 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, Qatar National Bank, Bank of Tokyo-Mitsubishi UFJ, Credit Suisse, and Standard Chartered.

Saudi banks’ branches decreased to 1,941 branches by the end of the first half of 2021, led by Al Rajhi Bank with 527 branches, followed by SNB (503), Riyadh Bank (254), ANB (135) and Bank Albilad (106).

*The data collected for NCB and Samba was approved by the end of 2020.

Riyadh topped the list with the highest number of bank branches at 592. Makkah followed with 413 branches, and the Eastern Province with 375 branches.

In addition, average assets per branch rose to SAR 1.582 billion in H1 2021 from SAR 1.479 billion by the end of 2020.

Average loans increased to SAR 982 million per branch, with average deposits rising to SAR 1.031 billion per branch.

For more data, visit Argaam Tools