10. Alinma Bank2012 assets: $14,403,854 2011 assets: $9,808,898 Growth: 46.84% Net profit in 2012: $195,509 ROA 2012: 1.36%
The biggest banking market in the region, Saudi Arabia, had a good year with its 10 biggest banks achieving higher profit in 2012.
The GCC’s second largest bank by assets, National Commercial Bank, recorded net profit growth of eight per cent to close the gap on Al Rajhi for second place in terms of earnings.
Taken from the Gulf Business Top 50 Banks, below are the biggest banks in the Kingdom by total assets as of 2012. All amounts are in US$000.