Saudi-based banks see combined profits drop 2% in April

28/05/2015 Argaam - Exclusive

The combined earnings of banks in Saudi Arabia declined two percent to SAR 4.24 billion in April, compared to SAR 4.33 billion for the same month last year, according to the central bank’s monthly bulletin issued on Thursday.

 

The data included the results of Saudi Arabia’s 12 listed banks, as well as the 11 foreign banks operating in the kingdom.

 

Combined Profit (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

--

--

3.57

May

--

--

2.83

June

--

--

3.41

July

--

--

3.80

Aug.

--

--

2.51

Sep.

--

--

3.30

Oct.

--

--

3.18

Nov.

--

--

2.95

Dec.

 
Saudi-based banks showed an eight percent increase in assets reaching SAR 2.170trillion by the end of April.
 

Combined 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

--

--

2.032

May

--

--

2.032

June

--

--

2.051

July

--

--

2.069

Aug.

--

--

2.068

Sep.

--

--

2.114

Oct.

--

--

2.092

Nov.

--

--

2.133

Dec.

 
Deposits rose nine percent to SAR 1.626 billion.

 

Combined 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

--

--

1.495

May

--

--

1.495

June

--

--

1.521

July

--

--

1.524

Aug.

--

--

1.526

Sep.

--

--

1.550

Oct.

--

--

1.542

Nov.

--

--

1.576

Dec.

 

Argaam Reports

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