The aggregated earnings of Saudi Arabian banks rose 13 percent to SAR 3.18 billion in November 2014 compared to SAR 2.81 billion for the same month last year, according to the central bank’s monthly newsletter released on Thursday.
Earnings grew nine percent to SAR 37.21 billion during the first 11 months of 2014, compared to SAR 34.1 billion for the same period last year.
The earnings included the results of Saudi Arabia’s 12 listed banks, as well as the 11 foreign banks operating in the kingdom.
|
Aggregated Profit of Saudi Banks - November 2014 (SAR/bln) |
|||
|
Change |
2014 |
2013 |
Month |
|
+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 |
|
+13% |
3.18 |
2.81 |
November |
|
-- |
-- |
1.59 |
December |
The consolidated balance sheet of Saudi banks showed a 12 percent increase in assets reaching SAR 2,092 billion by the end of November 2014.
Deposits rose 13 percent to SAR 1,542 billion and loan portfolios grew 12 percent reaching SAR 1,261 billion as shown in the following tables:
|
Consolidated Assets of Saudi Banks - November 2014 (SAR/bln) |
|||
|
change |
2014 |
2013 |
Month |
|
+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 |
|
+12% |
2092 |
1875 |
November |
|
-- |
-- |
1893 |
December |
|
Consolidated Deposits of Saudi Banks - November 2014 (SAR/bln) |
|||
|
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 |
|
+13% |
1542 |
1365 |
November |
|
-- |
-- |
1402 |
December |
|
Consolidated Loans Granted to Private Sector - November 2014 (SAR/bln) |
|||
|
Change |
2014 |
2013 |
Month |
|
+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 |
|
+12% |
1261 |
1124 |
November |
|
---- |
---- |
1124 |
December |
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