Saudi banks wrote off non-performing loans of SAR 2.7bn in the first nine months of 2014, 66% decrease compared to SAR 8bn in the same period last year; a study by Argaam on Saudi Banks indicted.
Non-performing loans are defaulted loans that are not written off yet by the banks. Non-performing loans are written off to preset credit provisions when the loans are unrecoverable.
Non-performing loans declined to SAR 15.4bn by the end of the first nine months of 2014 compared to SAR 16.4bn for the same period last year.
Saudi Hollandi Bank, Arab National Bank and Al Jazira Bank grew their non-performing loans written off in 2014 as opposed to the remaining listed banks that decreased the written off loans.
|
NPL written off for the 9 months (SAR million) |
||||
|
Change (%) |
September 2014 |
September 2013 |
Bank |
|
|
( %67 ) |
814 |
2487 |
Al Rajhi |
|
|
( %91 ) |
225 |
2590 |
NCB |
|
|
( %73 ) |
263 |
979 |
RIBL |
|
|
( %51 ) |
249 |
513 |
SABB |
|
|
( %61 ) |
107 |
274 |
SAMBA |
|
|
+377% |
172 |
36 |
Saudi Hollandi |
|
|
+13% |
178 |
158 |
Arab National |
|
|
( %20 ) |
172 |
216 |
Saudi Fransi |
|
|
( %48 ) |
65 |
124 |
SIBC |
|
|
+135% |
419 |
178 |
BJAZ |
|
|
(95%) |
18 |
374 |
AL Bilad |
|
|
-- |
0 |
32 |
Alinma |
|
|
( 66% ) |
2682 |
7961 |
Total |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}