Saudi Banks’ consolidated profit rises 14% in March 2014

28/04/2014 Argaam

Consolidated earnings of Saudi banks rose 14% to SAR 3.49bn in February 2014 compared to SAR 3.05bn for the same month last year; according to SAMA’s monthly newsletter released today.

The earnings included the results of the 11 Saudi listed banks in addition to the National Commercial bank (NCB) and 11 foreign banks’ branches operating in the Kingdom.

 

Saudi banks’ consolidated earnings 2013/2014 (SAR/billion)

change

2014

2013

period

+13%

3.69

3.26

January

+4%

3.11

2.99

February

+14%

3.49

3.05

March

--

--

3.14

April

--

--

3.22

May

--

--

3.38

June

--

--

3.18

July

--

--

2.94

August

--

--

2.99

September

--

--

3.14

October

--

--

2.81

November

--

--

1.59

December

 

onsolidated balance sheet of Saudi banks showed 12% increase in assets reaching SAR 1991bn by the end of March 2014.

Deposits rose 14% to SAR 1474bn and loans’ portfolio grew 13% reaching SAR 1167bn as shown in the following tables:

 

Saudi banks’ consolidated Assets 2013/2014 (SAR/billion)

change

2014

2013

Period

+11%

1937

1743

January

+11%

1953

1754

February

+12%

1991

1772

March

--

--

1795

April

--

--

1815

May

--

--

1808

June

--

--

1815

July

--

--

1817

August

--

--

1836

September

--

--

1840

October

--

--

1875

November

--

--

1893

December

 

Saudi banks’ consolidated deposits 2013/2014 (SAR/billion)

change

2014

2013

period

+13%

1434

1266

January

+14%

1438

1263

February

+14%

1474

1292

March

--

--

1313

April

--

--

1331

May

--

--

1327

June

--

--

1328

July

--

--

1325

August

--

--

1346

September

--

--

1342

October

--

--

1365

November

--

--

1402

December

 

Saudi banks’ consolidated loan portfolio 2013/2014 (SAR/billion)

change

2014

2013

period

+12%

1136

1011

January

+12%

1148

1022

February

+13%

1167

1034

March

--

--

1055

April

--

--

1068

May

--

--

1082

June

--

--

1092

July

--

--

1098

August

--

--

1106

September

--

--

1112

October

--

--

1124

November

--

--

1124

December

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