Saudi banks’ combined profit falls 3% YoY in July

27/08/2015 Argaam - Exclusive

Saudi banks’ combined profit for July fell three percent year-on-year (YoY) to SAR 3.3 billion from SAR 3.41 billion, a monthly bulletin issued by the central bank, Saudi Arabian Monetary Agency on Thursday showed.

 

Year-to-date, Saudi-based banks reported a five percent rise in combined profit to SAR 25.7 billion.

 

The data includes the results of 12 Tadawul-listed banks as well as the 11 foreign banks operating in the kingdom.

 

Profits  (SAR bln)

Change

2015

2014

Period

+6%

3.91

3.69

Jan.

+3%

3.19

3.11

Feb.

+6%

3.69

3.49

March

(2%)

4.24

4.33

April

+7%

3.82

3.57

May

+27%

3.60

2.83

June

(3%)

3.30

3.41

July

--

--

3.80

Aug.

--

--

2.51

Sep.

--

--

3.30

Oct.

--

--

3.18

Nov.

--

--

2.95

Dec.

 

Banks showed a seven percent asset growth YoY to SAR 2.194 trillion at the end of July.

 

Assets (SAR trln)

Change

2015

2014

Period

+9%

2.117

1.937

Jan.

+11%

2.169

1.953

Feb.

+9%

2.176

1.991

March

+8%

2.170

2.012

April

+8%

2.202

2.032

May

+9%

2.210

2.032

June

+7%

2.194

2.051

July

--

--

2.069

Aug.

--

--

2.068

Sep.

--

--

2.114

Oct.

--

--

2.092

Nov.

--

--

2.133

Dec.

 

Deposits rose seven percent year-on-year to SAR 1.629 trillion for the same period.

 

Deposits (SAR trln)

Change

2015

2014

Period

+8%

1.544

1.434

Jan.

+11%

1.599

1.438

Feb.

+10%

1.619

1.474

March

+9%

1.626

1.492

April

+10%

1.646

1.495

May

+10%

1.646

1.495

June

+7%

1.629

1.521

July

--

--

1.524

Aug.

--

--

1.526

Sep.

--

--

1.550

Oct.

--

--

1.542

Nov.

--

--

1.576

Dec.

 
 

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