Home Industry Finance Revealed: Top 10 banks in Saudi Arabia The kingdom’s biggest listed banks, as ranked by total asset size by Gulf Business May 23, 2017 Reflecting the lagged effect of the lower oil prices in 2015, which was maintained in 2016, economic growth across the GCC region weakened as governments’ revenues fell last year. In Saudi Arabia, the period of low oil prices has impacted the economy and the banking system. Capital spending and infrastructure projects, and the development of SME and manufacturing sectors, has helped the economy, but there has been a big slowdown in growth and demand, meaning most banks in the kingdom saw weak loan growth in 2016 with some loan portfolios falling. The country’s banking sector posted a decline in net profit of 5.3 per cent in 2016, according to Gulf Business‘ annual Top 50 banks in the GCC report. Despite the fall, the kingdom saw the highest return across the GCC region last year, with the banking sector recording a return on assets of 1.9 per cent, compared to 2 per cent in 2015. The largest domestic banking sector in the GCC also remains Saudi Arabia, with a 30.7 per cent share of the total. Looking ahead, in 2017, most GCC banks are mainly focusing on organic growth, and are increasing their efforts in private banking and facilities for high net worth individuals, the report found. TOP 10 BANKS IN SAUDI ARABIA (Based on total assets of listed banks at the end of 2016) 1. National Commercial Bank Assets in 2016 ($000): 117,731,019 Assets in 2015 ($000): 119,824,114 Growth (2015-2016): -1.75% 2016 net profit ($000): 2,510,889 Return on assets (ROA) in 2016: 2.13% 2. Al Rajhi Banking Corporation Assets in 2016 ($000): 90,589,818 Assets in 2015 ($000): 84,165,239 Growth (2015-2016): 7.63% 2016 net profit ($000): 2,166,923 Return on assets (ROA) in 2016: 2.39% 3. Samba Assets in 2016 ($000): 61,730,290 Assets in 2015 ($000): 62,731,381 Growth (2015-2016): -1.60% 2016 net profit ($000): 1,334,843 Return on assets (ROA) in 2016: 2.16% 4. Riyad Bank Assets in 2016 ($000): 58,031,734 Assets in 2015 ($000): 59,550,900 Growth (2015-2016): -2.55% 2016 net profit ($000): 891,330 Return on assets (ROA) in 2016: 1.54% 5. Banque Saudi Fransi Assets in 2016 ($000): 54,247,656 Assets in 2015 ($000): 48,993,142 Growth (2015-2016): 10.72% 2016 net profit ($000): 936,062 Return on assets (ROA) in 2016: 1.73% 6. Saudi British Bank Assets in 2016 ($000): 49,614,905 Assets in 2015 ($000): 50,066,779 Growth (2015-2016): -0.90% 2016 net profit ($000): 1,038,595 Return on assets (ROA) in 2016: 2.09% 7. Arab National Bank Assets in 2016 ($000): 45,335,659 Assets in 2015 ($000): 45,445,673 Growth (2015-2016): -0.24% 2016 net profit ($000): 763,167 Return on assets (ROA) in 2016: 1.68% 8. Alawwal Bank Assets in 2016 ($000): 28,018,800 Assets in 2015 ($000): 28,818,756 Growth (2015-2016): -2.78% 2016 net profit ($000): 283,927 Return on assets (ROA) in 2016: 1.01% 9. Alinma Bank Assets in 2016 ($000): 27,927,963 Assets in 2015 ($000): 23,659,875 Growth (2015-2016): 18.04% 2016 net profit ($000): 400,606 Return on assets (ROA) in 2016: 1.43% 10. Saudi Investment Bank Assets in 2016 ($000): 25,163,066 Assets in 2015 ($000): 24,968,992 Growth (2015-2016): 0.78% 2016 net profit ($000): 280,789 Return on assets (ROA) in 2016: 1.12% Also read: Revealed: Top 10 banks in the UAE Tags Alawwal Bank Alinma Bank Arab National Bank Banking Banque Saudi Fransi list lists National Commercial Bank Riyad Bank Saudi Arabia Saudi British Bank Saudi Investment Bank Top 10 Top 10 banks Top 10 banks Saudi Arabia 0 Comments You might also like UAE’s Julphar divests Zahrat Al Rawdah Pharmacies Will they or won’t they? Talk of Saudi cutting oil prices for Asia Saudi PIF signs MoUs with Japanese lender worth up to $51bn Saudi Arabia’s Hassana to back $2bn Brookfield Middle East fund