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.



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