Credit portfolio of Saudi listed banks in addition to the National Commercial Bank rose 11% to SAR 1,196bn by the end of Q1-2014 compared to the same period last year; data compiled by Argaam indicated.
Non-performing loans in Q1-2014 declined 17% to SAR 15.8bn compared to the same period last year while the coverage ratio improved from 148% to 161%.
|
Saudi Banks Credit Portfolios in Q1 (2013 and 2014) |
|||
|
Change |
Q1 2014 |
Q1 2013 |
Period |
|
+11% |
1196 |
1073 |
Credit Portfolio in billion |
|
(17%) |
15.83 |
19.12 |
Non-performing loans in billion |
|
(0.4%) |
1.3% |
1.8% |
Non-performing loans ratio to credit portfolio |
|
+13% |
161% |
148% |
Coverage ratio |
|
|
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Except for Al-Rajhi, Alinma, Saudi Fransi and Saudi Hollandi banks that reported an increase in non-performing loans by 16%, 131%, 20% and 4% respectively, the remaining banks reported declines. Al-Jazira, Al-Bilad and NCB reported the most declines in non-performing loans at 57%, 46% and 37% respectively.
Non-Performing loans ratio to total banks’s credit portfolio declined to 1.3% compared to 1.7% in the same period last year.
|
Non-Performing Loans in Saudi banks (SAR milion) |
||||||||
|
Change |
Q1 2014 |
Q1 2014 |
Bank |
|
||||
|
(32%) |
1342 |
1980 |
RIBL |
|
||||
|
(37%) |
2828 |
4512 |
NCB |
|
||||
|
(57%) |
455 |
1066 |
BJAZ |
|
||||
|
(12%) |
405 |
461 |
Saudi Investment |
|
||||
|
+4% |
736 |
706 |
Saudi Hollandi |
|
||||
|
+20% |
1431 |
1196 |
BSFR |
|
||||
|
(5%) |
1526 |
1607 |
SABB |
|
||||
|
(25%) |
1026 |
1376 |
Arab National |
|
||||
|
(17%) |
2026 |
2454 |
SAMBA |
|
||||
|
+16% |
3310 |
2844 |
Al Rajhi |
|
||||
|
(46%) |
425 |
786 |
AL Bilad |
|
||||
|
+131% |
317 |
137 |
Alinma |
|
||||
|
(17%) |
15827 |
19125 |
Total |
|
||||
Al-Bilad and SAMBA reported the highest non-performing loans ratio at 1.8% each, followed by Al-Rajhi bank at 1.7%.
Saudi Investment, Arab National and Al-Bilad banks rose their non-performing loans coverage ratio above 200% and the remaining Saudi banks increased their coverage ratios above 145%.
|
Non-performing loans to credit portfolio and coverage ratios |
|||||
|
Q1 2014 |
Q1 2013 |
|
|||
|
Coverage ratio |
non-performing loans to credit portfolio |
Coverage ratio |
non-performing loans to credit portfolio |
Bank |
|
|
155% |
1.0% |
130% |
1.6% |
RIBL |
|
|
168% |
1.4% |
147% |
2.6% |
NCB |
|
|
158% |
1.2% |
134% |
3.3% |
BJAZ |
|
|
205% |
0.8% |
182% |
1.2% |
SAUDI INVESTMENT |
|
|
161% |
1.3% |
158% |
1.5% |
Saudi Hollandi |
|
|
158% |
1.2% |
135% |
1.1% |
BSFR |
|
|
150% |
1.4% |
151% |
1.6% |
SABB |
|
|
205% |
1.2% |
199% |
1.6% |
Arab National |
|
|
146% |
1.8% |
135% |
2.3% |
SAMBA |
|
|
145% |
1.7% |
147% |
1.6% |
Al Rajhi |
|
|
195% |
1.96% |
147% |
4.2% |
AL Bilad |
|
|
170% |
0.7% |
242% |
0.3% |
Alinma |
|
|
161% |
1.3% |
149% |
1.7% |
Total |
|
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