Credit portfolio of Saudi listed banks in addition to the National Commercial Bank rose 12% to SAR 1,248 bn by the end of September-2014 compared to the same period last year; data compiled by Argaam indicated.
Non-performing loans in September declined 6% to SAR 15.4bn compared to the same period last year while the coverage ratio improved from 155% to 174%.
|
Saudi Banks Credit Portfolios in the first 9 months of 2014 to the same period of 2013 |
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|
Change |
September 2014 |
September2013 |
Period |
|
+12% |
1247.9 |
1112.5 |
Credit Portfolio in billion |
|
(6%) |
15.4 |
16.4 |
Non-performing loans in billion |
|
(0.23%) |
1.24% |
1.47% |
Non-performing loans ratio to credit portfolio |
|
+19% |
174% |
155% |
Coverage ratio |
Non-performing loans of five banks increased in September led by Alinma bank capturing an increase of 75%.
Al-Jazira and Arab National Bank reported the most declines in non-performing loans at 60%, 46% and 21% respectively.
|
Non-Performing Loans in Saudi banks (SAR milion) |
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|
Change |
September 2014 |
September 2014 |
Bank |
|
|
(11%) |
2787 |
3116 |
NCB |
|
|
(10%) |
1277 |
1420 |
RIBL |
|
|
(60%) |
369.9 |
930 |
BJAZ |
|
|
+22% |
468 |
384 |
Saudi Investment |
|
|
+7% |
796 |
741 |
Saudi Hollandi |
|
|
+3% |
1285 |
1252 |
BSFR |
|
|
(7%) |
1500 |
1612 |
SABB |
|
|
(21%) |
1100 |
1388 |
Arab National |
|
|
(14%) |
1942 |
2255 |
SAMBA |
|
|
+18% |
3157 |
2670 |
Al Rajhi |
|
|
(4%) |
431 |
448 |
AL Bilad |
|
|
+75% |
333 |
190 |
Alinma |
|
|
(6%) |
15445 |
16403 |
Total |
|
Non-Performing loans ratio to total banks’ credit portfolio declined to 1.24% compared to 1.47% in the same period last year.
SAMBA, Al-Bilad and Al-Rajhi reported the highest non-performing loans ratio at 1.62%, 1.57% and 1.55% respectively.
Most banks increased their non-performing loans coverage ratio above 160% except for SABB and SAMBA.
|
Non-performing loans to credit portfolio and coverage ratios |
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|
September 2014 |
September 2013 |
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|
Coverage ratio |
non-performing loans to credit portfolio |
Coverage ratio |
non-performing loans to credit portfolio |
Bank |
|
|
184% |
1.30% |
163% |
1.69% |
NCB |
|
|
184% |
0.91% |
147% |
1.09% |
RIBL |
|
|
165% |
0.92% |
138% |
2.63% |
BJAZ |
|
|
174% |
0.81% |
204% |
0.90% |
SAUDI INVESTMENT |
|
|
161% |
1.26% |
162% |
1.38% |
Saudi Hollandi |
|
|
182% |
1.09% |
139% |
1.11% |
BSFR |
|
|
158% |
1.29% |
140% |
1.49% |
SABB |
|
|
201% |
1.15% |
209% |
1.61% |
Arab National |
|
|
151% |
1.62% |
141% |
1.98% |
SAMBA |
|
|
171% |
1.55% |
140% |
1.44% |
Al Rajhi |
|
|
208% |
1.57% |
195% |
2.11% |
AL Bilad |
|
|
182% |
0.66% |
205% |
0.45% |
Alinma |
|
|
174% |
1.24% |
155% |
1.47% |
Total |
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