Here's a review of bank branches in Saudi Arabia in H1 2022

The bank branches operating in Saudi Arabia retreated by 18 banks, reaching 1,927 by the end of H1 2022, compared with 1,945 a year earlier.

On a quarterly basis, H1 2022’s number of bank branches is the lowest since Q1 2015, when it reached 1,924.

A total of 10 new branches opened in H1 2022, while 28 were closed down, according to the latest bulletin issued by the Saudi Central Bank (SAMA).

The table below shows development in the number of bank branches operating in the Kingdom since 2006:

H1 2022 witnessed the closure of several banks, in addition to the opening of new branches, as shown in the following table:

As many as 10 Tadawul-listed banks operate in the Kingdom, in addition to 16 foreign banks, including Emirates NBD (seven branches), Gulf International Bank (GIB) (three), National Bank of Kuwait (NBK) (three) and First Abu Dhabi Bank (FAB) (three).

Foreign banks with branches operating in the Kingdom include 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, Bank of Tokyo-Mitsubishi UFJ, Credit Suisse and Standard Chartered.

Branches of Saudi banks decreased to 1,899 by the end of H1 2022, topped by Al Rajhi Bank with 515 branches, followed by SNB (498), Riyad Bank (230) and ANB (129), as follows:

Riyadh had the highest number of bank branches, with 590. Makkah followed with 390 branches and the Eastern Province with 367 branches, as indicated below:

In addition, average assets per branch rose to SAR 1.831 billion in H1 2022 from SAR 1.685 billion in 2021.

Average loans increased to SAR 1.145 billion per branch, with average deposits rising to SAR 1.159 billion per branch, as the following table shows: