Saudi banks’ aggregate assets exceeded SAR 3 trillion for the first time, to reach SAR 3.008 trillion by the end of February 2021.
In October 2007, the assets of Saudi banks surpassed the SAR 1 trillion-mark for the first time and breached past SAR 2 trillion in March 2014.
Private sector liabilities account for the largest share of bank assets, at 61%, followed by government and semi-government liabilities by 17%, and foreign assets by 9%.
|
Saudi Banks Assets since 2003 |
||||
|
Period |
Value (SAR bln) |
Variation (SAR bln) |
Variation (%) |
|
|
2003 |
545.21 |
36.97 |
+ 7 % |
|
|
2004 |
655.38 |
110.17 |
+ 20 % |
|
|
2005 |
759.08 |
103.69 |
+ 16% |
|
|
2006 |
861.09 |
102.01 |
+ 13 % |
|
|
2007 |
1075.22 |
214.13 |
+ 25% |
|
|
2008 |
1302.27 |
227.05 |
+ 21 % |
|
|
2009 |
1370.26 |
67.99 |
+ 5 % |
|
|
2010 |
1415.27 |
45.01 |
+ 3 % |
|
|
2011 |
1568.66 |
153.39 |
+ 11 % |
|
|
2012 |
1759.86 |
191.20 |
+ 12 % |
|
|
2013 |
1921.76 |
161.90 |
+ 9 % |
|
|
2014 |
2162.55 |
240.79 |
+ 13 % |
|
|
2015 |
2233.25 |
70.71 |
+ 3 % |
|
|
2016 |
2289.00 |
55.75 |
+ 2 % |
|
|
2017 |
2350.89 |
61.89 |
+ 3 % |
|
|
2018 |
2398.15 |
47.26 |
+ 2 % |
|
|
2019 |
2631.13 |
232.98 |
+ 10 % |
|
|
2020 |
2979.63 |
348.50 |
+ 13% |
|
|
February 2021* |
3007.96 |
28.34 |
+1% |
|
*Not included bank branches abroad.
During February, Saudi bank assets accounted for 115% of the total GDP of SAR 2.625 trillion, reaching an all-time high.
The Saudi banks’ assets exceeded the Kingdom’s GDP for the first time by the end of 2020, reaching 113.5%, as the following table shows:
|
Saudi Banks Assets/GDP (%) |
|
|
Period |
Ratio |
|
2000 |
63.8% |
|
2001 |
68.4% |
|
2002 |
71.5% |
|
2003 |
67.4% |
|
2004 |
67.6% |
|
2005 |
61.7% |
|
2006 |
61.0% |
|
2007 |
69.0% |
|
2008 |
66.8% |
|
2009 |
85.2% |
|
2010 |
71.5% |
|
2011 |
62.3% |
|
2012 |
63.8% |
|
2013 |
68.6% |
|
2014 |
76.3% |
|
2015 |
91.0% |
|
2016 |
94.7% |
|
2017 |
91.0% |
|
2018 |
81.3% |
|
2019 |
88.5% |
|
2020 |
113.5% |
|
February 2021* |
114.6% |
* According to GDP data for 2020.
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