Saudi Banks’ consolidated profit rises 4% in February 2014

Consolidated earnings of Saudi banks rose 4% to SAR 3.11bn in February 2014 compared to SAR 2.99bn for the same month last year; according to SAMA’s monthly newsletter released today.

The earnings included the results of the 11 Saudi listed banks in addition to the National Commercial bank (NCB) and 11 foreign banks’ branches operating in the Kingdom.

Saudi banks’ consolidated earnings 2013/2014 (SAR/billion)
change	2014	2013	period
+13%	3.69	3.26	January
+4%	3.11	2.99	February
--	--	3.05	March
--	--	3.14	April
--	--	3.22	May
--	--	3.38	June
--	--	3.18	July
--	--	2.94	August
--	--	2.99	September
--	--	3.14	October
--	--	2.81	November
--	--	1.59	December

Consolidated balance sheet of Saudi banks showed 11% increase in assets reaching SAR 1953bn by the end of February 2014.

Deposits rose 14% to SAR 1438bn and loans’ portfolio grew 12% reaching SAR 1148bn as shown in the following tables:

Saudi banks’ consolidated Assets 2013/2014 (SAR/billion)
change	2014	2013	Period
+11%	1937	1743	January
+11%	1953	1754	February
--	--	1772	March
--	--	1795	April
--	--	1815	May
--	--	1808	June
--	--	1815	July
--	--	1817	August
--	--	1836	September
--	--	1840	October
--	--	1875	November
--	--	1893	December

Saudi banks’ consolidated deposits 2013/2014 (SAR/billion)
change	2014	2013	period
+13%	1434	1266	January
+14%	1438	1263	February
--	--	1292	March
--	--	1313	April
--	--	1331	May
--	--	1327	June
--	--	1328	July
--	--	1325	August
--	--	1346	September
--	--	1342	October
--	--	1365	November
--	--	1402	December

Saudi banks’ consolidated loan portfolio 2013/2014 (SAR/billion)
change	2014	2013	period
+12%	1136	1011	January
+12%	1148	1022	February
--	--	1034	March
--	--	1055	April
--	--	1068	May
--	--	1082	June
--	--	1092	July
--	--	1098	August
--	--	1106	September
--	--	1112	October
--	--	1124	November
--	--	1124	December

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