Credit Provisions of Saudi listed banks in addition to the National Commercial Bank rose 11% to SAR 5090m by the end of September-2014 compared to the same period last year; data compiled by Argaam indicated.
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Saudi Banks credit provisions on a quarterly basis (SAR million) |
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|
Change |
Provisions volume |
Period |
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|
2011 |
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|
(44%) |
1217.8 |
Q1 |
||
|
(47%) |
1255.9 |
Q2 |
||
|
(50%) |
1532.6 |
Q3 |
||
|
(5%) |
1793.7 |
Q4 |
||
|
2012 |
||||
|
+34% |
1630.6 |
Q1 |
||
|
+42% |
1783.8 |
Q2 |
||
|
+64% |
2522.3 |
Q3 |
||
|
(3%) |
1742.6 |
Q4 |
||
|
2013 |
||||
|
(4%) |
1559.0 |
Q1 |
||
|
(30%) |
1255.2 |
Q2 |
||
|
(30%) |
1769.9 |
Q3 |
||
|
+54% |
2679.3 |
Q4 |
||
|
2014 |
||||
|
+18% |
1832.1 |
Q1 |
||
|
+6% |
1327.3 |
Q2 |
||
|
+9% |
1931.1 |
Q3 |
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Six, out of twelve banks understudy, reported a decline in Q3-2014’s provisions compared to the previous quarter. The remaining six banks increased their provisions led by NCB and Al Jazira bank.
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Comparison of the provisions of the first 9 months of 2014 to the same period last year in SAR millions |
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|
Change |
September 2014 |
September2013 |
Bank |
|
(16%) |
514.7 |
615.5 |
NCB |
|
+29% |
684.1 |
527.9 |
RIBL |
|
+340% |
367.6 |
83.5 |
BJAZ |
|
+95% |
176.0 |
90.0 |
Saudi Investment |
|
+93% |
258.5 |
133.8 |
Saudi Hollandi |
|
(29%) |
286.6 |
404.4 |
BSFR |
|
-- |
357.7 |
357.4 |
SABB |
|
(5%) |
334.6 |
353.8 |
Arab National |
|
(67%) |
109.6 |
338.0 |
SAMBA |
|
+34% |
1889.1 |
1400.9 |
Al Rajhi |
|
(86%) |
19.9 |
148.7 |
AL Bilad |
|
(34%) |
91.2 |
139.8 |
Alinma |
|
+11% |
5090.4 |
4593.7 |
Total |
The following table indicates Saudi banks quarterly credit provisions since 2011:
|
Saudi Banks Quarterly provisions for 2014 in SAR million |
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|
Q3 |
Q2 |
Q1 |
Bank |
|
400.9 |
( 91.7) |
205.7 |
NCB |
|
217.4 |
262.9 |
203.8 |
RIBL |
|
211.0 |
91.2 |
65.4 |
BJAZ |
|
14.0 |
21.0 |
141.0 |
Saudi Investment |
|
89.6 |
79.7 |
89.2 |
Saudi Hollandi |
|
72.6 |
105.4 |
108.6 |
BSFR |
|
157.8 |
81.4 |
118.5 |
SABB |
|
121.9 |
106.6 |
106.1 |
Arab National |
|
7.4 |
31.9 |
70.3 |
SAMBA |
|
597.0 |
598.2 |
693.9 |
Al Rajhi |
|
( 9.1 ) |
24.4 |
4.7 |
AL Bilad |
|
50.6 |
15.7 |
25.0 |
Alinma |
|
1931.1 |
1327.3 |
1832.1 |
Total |
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