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Biggest Banks In Saudi Arabia

Biggest Banks In Saudi Arabia

Strong government regulation and hefty public spending have buoyed the Kingdom’s banking sector.

The Saudi banking sector, by some way the biggest banking market in the GCC, has remained relatively unscathed throughout the turmoil of the last few years. Even the large domestic issue and losses at the Saad and Algosaibi groups was well contained and did not have any significant impact on the health of the Kingdom’s banking sector.

The Saudi banking sector maintains asset growth above that of the GCC banking sector and credit growth in 2011 was robust as increased public spending by the Kingdom transfers down the line through corporate loan demand and retail credit growth.

 

Top Banks by Assets

 

Top Banks by Profit

 

Data collected from stock market information and company annual reports for the full year of 2011.

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