Home Insights Features Revealed: Biggest banks in Saudi Arabia The top 10 biggest lenders in the Kingdom by 2014 total assets, taken from Gulf Business’ Top 50 GCC Banks list. by Gulf Business June 2, 2015 The GCC banking sector had a good year in 2014, with average net profit growing by 14 per cent, compared to 10 per cent the previous year. The vast majority of GCC banks remain solidly capitalised with comfortable levels of liquidity – helped by growing customer deposits – and good profitability. Loan asset quality for the sector improved further in 2014 through a fall in non-performing loans and an increase in provision coverage. In Saudi Arabia, the sector was a bit more subdued, with average net profit rising by 10.2 per cent. For banks in the Kingdom, economic growth and large capital investments, particularly in the infrastructure, SME and manufacturing sectors, continue to be growth drivers for the loan portfolios. With the market opening up for foreign investors, sentiment has increased and is likely to attract more infrastructure investment going forward. TOP 10 BIGGEST BANKS IN SAUDI ARABIA 1. National Commercial Bank 2014 assets ($000): 115,967,489 2013 assets ($000): 100,608,089 Growth: 15.27% Net profit 2014 ($000): 2,344,851 2. Al Rajhi Banking Corporation 2014 assets ($000): 82,056,415 2013 assets ($000): 74,632,183 Growth: 9.95% Net profit 2014 ($000): 1,822,979 3. Samba Financial Group 2014 assets ($000): 57,973,021 2013 assets ($000): 54,676,434 Growth: 6.03% Net profit 2014 ($000): 1,334,687 4. Riyad Bank 2014 assets ($000): 57,223,811 2013 assets ($000): 54,732,394 Growth: 4.55% Net profit 2014 ($000): 1,160,642 5. Banque Saudi Fransi 2014 assets ($000): 50,340,507 2013 assets ($000): 45,348,446 Growth: 11.01% Net profit 2014 ($000): 937,691 6. Saudi British Bank 2014 assets ($000): 50,029,138 2013 assets ($000): 47,280,587 Growth: 5.81% Net profit 2014 ($000): 1,137,616 7. Arab National Bank 2014 assets ($000): 43,911,561 2013 assets ($000): 36,782,780 Growth: 19.38% Net profit 2014 ($000): 767,241 8. Saudi Hollandi 2014 assets ($000): 25,765,125 2013 assets ($000): 21,458,203 Growth: 20.07% Net profit 2014 ($000): 485,576 9. Saudi Investment Bank 2014 assets ($000): 24,967,051 2013 assets ($000): 21,465,443 Growth: 16.31% Net profit 2014 ($000): 383,061 10. Alinma Bank 2014 assets ($000): 21,563,162 2013 assets ($000): 16,800,329 Growth: 28.35% Net profit 2014 ($000): 337,182 0 Comments