NCB’s Sharia-compliant loans reach SAR 189 bln in June

19/08/2015 Argaam - Exclusive

Sharia-compliant loans issued by National Commercial Bank (NCB) reached SAR 188.5 billion by the end of June.

 

Islamic financing accounted for 81 percent of NCB’s total loans and advances, which stood at SAR 233 billion in the same period, rising from 78 percent at the end of 2014.

 

Last year, Saudi Arabia’s largest bank by assets said it would plan to fully transition into an Islamic bank over the next five years.

 

Breakdown of NCB Loans – (SAR bln)

Percentage of

 total loans

Sharia-compliant loans

Total loans & advances

Period

56%

70.0

125.6

2010

60%

81.0

135.3

2011

64%

104.2

163.5

2012

66%

124.2

187.7

2013

78%

173.0

220.7

2014

80%

180.2

225.9

Q1-2015

81%

188.5

233.0

Q2-2015

 
 
 

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