Saudi Banks’ aggregated profit rises 5% in October 2014

27/11/2014 ِargaam-exclusive

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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