‎Saudi banks’ aggregate profit down 7% to SAR 6.9B in March

‎Saudi banks’ aggregate profit down 7% to SAR 6.9B in March

Banks operating in Saudi Arabia reported a 6.7% decline in aggregate net profit before Zakat and tax to nearly SAR 6.93 billion in March, compared to SAR 7.4 billion a year earlier, monthly data issued by the Saudi Central Bank (SAMA) showed.

The data covers the results of Tadawul-listed banks and some foreign banks operating in Saudi Arabia.

Total Profits of Saudi Banks (Billion)

Period Total Profit Change

2024-January

7.02 9.52 %

2024-February

6.80 31.27 %

2024-March

6.93 (6.73 %)

2023-January

6.41 18.48 %

2023-February

5.18 7.47 %

2023-March

7.43 23.22 %

2023-April

5.78 3.40 %

2023-May

6.33 14.26 %

2023-June

6.98 24.42 %

2023-July

6.37 9.64 %

2023-August

6.63 0.61 %

2023-September

7.14 22.26 %

2023-October

6.23 2.47 %

2023-November

6.12 5.52 %

2023-December

6.81 10.55 %

2022-January

5.41 5.05 %

2022-February

4.82 54.98 %

2022-March

6.03 50.00 %

2022-April

5.59 27.63 %

2022-May

5.54 21.76 %

2022-June

5.61 44.96 %

2022-July

5.81 54.52 %

2022-August

6.59 21.81 %

2022-September

5.84 (1.52 %)

2022-October

6.08 31.89 %

2022-November

5.80 45.73 %

2022-December

6.16 20.55 %

2021-January

5.15 (1.53 %)

2021-February

3.11 (30.27 %)

2021-March

4.02 13.88 %

2021-April

4.38 31.53 %

2021-May

4.55 56.90 %

2021-June

3.87 180.79 %

2021-July

3.76 (12.96 %)

2021-August

5.41 27.00 %

2021-September

5.93 34.77 %

2021-October

4.61 (3.35 %)

2021-November

3.98 (3.16 %)

2021-December

5.11 131.22 %

2020-January

5.23 6.73 %

2020-February

4.46 13.20 %

2020-March

3.53 (30.24 %)

2020-April

3.33 (29.45 %)

2020-May

2.90 (39.20 %)

2020-June

(4.79) (430.34 %)

2020-July

4.32 (4.00 %)

2020-August

4.26 (6.99 %)

2020-September

4.40 (4.97 %)

2020-October

4.77 15.78 %

2020-November

4.11 9.60 %

2020-December

2.21 (45.43 %)

2019-January

4.90 17.51 %

2019-February

3.94 3.68 %

2019-March

5.06 22.22 %

2019-April

4.72 8.76 %

2019-May

4.77 8.66 %

2019-June

1.45 (54.11 %)

2019-July

4.50 (5.66 %)

2019-August

4.58 10.36 %

2019-September

4.63 33.82 %

2019-October

4.12 (1.20 %)

2019-November

3.75 (1.83 %)

2019-December

4.05 7.43 %

2018-January

4.17 (4.14 %)

2018-February

3.80 7.95 %

2018-March

4.14 22.12 %

2018-April

4.34 20.22 %

2018-May

4.39 7.33 %

2018-June

3.16 (3.36 %)

2018-July

4.77 19.55 %

2018-August

4.15 4.80 %

2018-September

3.46 8.13 %

2018-October

4.17 2.96 %

2018-November

3.82 4.66 %

2018-December

3.77 45.56 %

2017-January

4.35 15.69 %

2017-February

3.52 (8.33 %)

2017-March

3.39 (14.82 %)

2017-April

3.61 (2.70 %)

2017-May

4.09 3.54 %

2017-June

3.27 (13.49 %)

2017-July

3.99 10.53 %

2017-August

3.96 5.32 %

2017-September

3.20 34.45 %

2017-October

4.05 21.62 %

2017-November

3.65 13.71 %

2017-December

2.59 149.04 %

2016-January

3.76 (3.84 %)

2016-February

3.84 20.38 %

2016-March

3.98 7.86 %

2016-April

3.71 (12.50 %)

2016-May

3.95 3.40 %

2016-June

3.78 5.00 %

2016-July

3.61 9.39 %

2016-August

3.76 5.92 %

2016-September

2.38 (31.61 %)

2016-October

3.33 (2.06 %)

2016-November

3.21 1.26 %

2016-December

1.04 (69.05 %)

2015-January

3.91 5.96 %

2015-February

3.19 2.57 %

2015-March

3.69 5.73 %

2015-April

4.24 (2.08 %)

2015-May

3.82 7.00 %

2015-June

3.60 27.21 %

2015-July

3.30 (3.23 %)

2015-August

3.55 (6.58 %)

2015-September

3.48 39.20 %

2015-October

3.40 3.03 %

2015-November

3.17 (0.31 %)

2015-December

3.36 13.90 %

2014-January

3.69

2014-February

3.11

2014-March

3.49

2014-April

4.33

2014-May

3.57

2014-June

2.83

2014-July

3.41

2014-August

3.80

2014-September

2.50

2014-October

3.30

2014-November

3.18

2014-December

2.95

Banks’ aggregate assets increased by 9.7% year-on-year (YoY) to almost SAR 4.11 trillion in March.

Total Assets of Saudi Banks (Billion)

Period Total Assets Change

2024-January

4,010.99 10.90 %

2024-February

4,049.76 10.43 %

2024-March

4,110.96 9.72 %

2023-January

3,616.68 11.81 %

2023-February

3,667.21 11.16 %

2023-March

3,746.89 11.17 %

2023-April

3,754.96 10.81 %

2023-May

3,765.28 10.35 %

2023-June

3,828.51 8.48 %

2023-July

3,840.54 8.84 %

2023-August

3,870.22 8.68 %

2023-September

3,901.38 9.43 %

2023-October

3,915.34 8.46 %

2023-November

3,956.00 8.91 %

2023-December

3,957.02 9.28 %

2022-January

3,234.72 9.00 %

2022-February

3,298.94 9.67 %

2022-March

3,370.36 11.04 %

2022-April

3,388.77 9.92 %

2022-May

3,412.00 11.17 %

2022-June

3,529.10 13.32 %

2022-July

3,528.67 13.14 %

2022-August

3,561.10 14.26 %

2022-September

3,565.15 13.13 %

2022-October

3,609.82 13.04 %

2022-November

3,632.24 12.27 %

2022-December

3,620.95 10.47 %

2021-January

2,967.56 13.17 %

2021-February

3,007.97 12.42 %

2021-March

3,035.14 11.42 %

2021-April

3,083.04 12.37 %

2021-May

3,069.10 9.30 %

2021-June

3,114.19 9.97 %

2021-July

3,118.75 10.22 %

2021-August

3,116.64 9.25 %

2021-September

3,151.24 9.43 %

2021-October

3,193.31 9.29 %

2021-November

3,235.29 9.02 %

2021-December

3,277.85 10.01 %

2020-January

2,622.17 10.69 %

2020-February

2,675.54 12.54 %

2020-March

2,724.13 13.60 %

2020-April

2,743.70 13.85 %

2020-May

2,807.89 14.70 %

2020-June

2,831.92 14.67 %

2020-July

2,829.48 14.75 %

2020-August

2,852.73 13.53 %

2020-September

2,879.70 14.90 %

2020-October

2,921.77 16.11 %

2020-November

2,967.73 15.24 %

2020-December

2,979.51 13.24 %

2019-January

2,368.92 3.70 %

2019-February

2,377.46 4.79 %

2019-March

2,397.91 5.99 %

2019-April

2,409.97 5.60 %

2019-May

2,448.03 7.55 %

2019-June

2,469.61 6.82 %

2019-July

2,465.70 6.09 %

2019-August

2,512.80 8.28 %

2019-September

2,506.35 5.53 %

2019-October

2,516.28 6.52 %

2019-November

2,575.24 8.72 %

2019-December

2,631.13 9.71 %

2018-January

2,284.49 1.93 %

2018-February

2,268.81 1.57 %

2018-March

2,262.39 (0.22 %)

2018-April

2,282.10 (0.30 %)

2018-May

2,276.14 0.21 %

2018-June

2,312.03 0.84 %

2018-July

2,324.13 1.72 %

2018-August

2,320.59 1.55 %

2018-September

2,375.03 4.03 %

2018-October

2,362.36 4.30 %

2018-November

2,368.71 4.38 %

2018-December

2,398.15 4.01 %

2017-January

2,241.22 1.73 %

2017-February

2,233.78 1.20 %

2017-March

2,267.40 1.90 %

2017-April

2,289.01 3.46 %

2017-May

2,271.43 1.31 %

2017-June

2,292.82 1.57 %

2017-July

2,284.90 2.86 %

2017-August

2,285.12 2.95 %

2017-September

2,283.12 1.51 %

2017-October

2,265.02 (0.18 %)

2017-November

2,269.31 (0.86 %)

2017-December

2,305.76 2.19 %

2016-January

2,203.18 4.06 %

2016-February

2,207.34 1.76 %

2016-March

2,225.08 2.26 %

2016-April

2,212.47 1.96 %

2016-May

2,242.01 1.84 %

2016-June

2,257.38 2.14 %

2016-July

2,221.35 1.24 %

2016-August

2,219.59 0.50 %

2016-September

2,249.11 1.13 %

2016-October

2,269.12 4.32 %

2016-November

2,288.88 3.00 %

2016-December

2,256.36 2.15 %

2015-January

2,117.20 9.30 %

2015-February

2,169.25 11.08 %

2015-March

2,175.81 9.30 %

2015-April

2,170.02 7.86 %

2015-May

2,201.50 8.34 %

2015-June

2,210.11 8.78 %

2015-July

2,194.20 6.96 %

2015-August

2,208.46 6.73 %

2015-September

2,223.92 7.52 %

2015-October

2,175.09 2.90 %

2015-November

2,222.15 6.24 %

2015-December

2,208.77 3.57 %

2014-January

1,937.11

2014-February

1,952.87

2014-March

1,990.68

2014-April

2,011.80

2014-May

2,032.09

2014-June

2,031.72

2014-July

2,051.39

2014-August

2,069.12

2014-September

2,068.47

2014-October

2,113.77

2014-November

2,091.60

2014-December

2,132.58

Deposits grew more than 8% YoY to reach SAR 2.59 trillion in the same month.

Total Deposits of Saudi Banks (Billion)

Period Total Deposits Change

2024-January

2,508.65 10.30 %

2024-February

2,538.22 10.26 %

2024-March

2,596.26 8.14 %

2023-January

2,274.29 8.72 %

2023-February

2,301.97 8.19 %

2023-March

2,400.77 10.81 %

2023-April

2,408.41 10.38 %

2023-May

2,391.07 9.76 %

2023-June

2,439.72 9.28 %

2023-July

2,448.39 9.84 %

2023-August

2,465.60 10.00 %

2023-September

2,455.35 8.34 %

2023-October

2,480.65 9.18 %

2023-November

2,460.28 7.49 %

2023-December

2,473.46 7.76 %

2022-January

2,091.88 8.86 %

2022-February

2,127.63 8.72 %

2022-March

2,166.62 9.41 %

2022-April

2,181.94 9.43 %

2022-May

2,178.39 8.85 %

2022-June

2,232.57 9.97 %

2022-July

2,229.04 9.29 %

2022-August

2,241.46 10.29 %

2022-September

2,266.39 10.13 %

2022-October

2,272.14 9.79 %

2022-November

2,288.85 10.50 %

2022-December

2,295.41 9.07 %

2021-January

1,921.69 9.32 %

2021-February

1,956.94 10.16 %

2021-March

1,980.34 9.38 %

2021-April

1,993.97 9.01 %

2021-May

2,001.23 7.49 %

2021-June

2,030.14 10.16 %

2021-July

2,039.63 11.05 %

2021-August

2,032.40 8.92 %

2021-September

2,057.98 9.40 %

2021-October

2,069.59 8.94 %

2021-November

2,071.38 7.10 %

2021-December

2,104.45 8.31 %

2020-January

1,757.84 6.69 %

2020-February

1,776.47 7.69 %

2020-March

1,810.49 10.10 %

2020-April

1,829.24 9.91 %

2020-May

1,861.73 10.38 %

2020-June

1,842.98 8.96 %

2020-July

1,836.60 9.36 %

2020-August

1,865.91 9.42 %

2020-September

1,881.08 10.70 %

2020-October

1,899.81 10.88 %

2020-November

1,934.04 11.95 %

2020-December

1,942.98 8.18 %

2019-January

1,647.59 1.73 %

2019-February

1,649.57 2.40 %

2019-March

1,644.36 2.72 %

2019-April

1,664.25 3.79 %

2019-May

1,686.61 5.82 %

2019-June

1,691.45 4.78 %

2019-July

1,679.37 3.73 %

2019-August

1,705.29 5.04 %

2019-September

1,699.24 2.43 %

2019-October

1,713.47 4.73 %

2019-November

1,727.63 5.24 %

2019-December

1,795.98 7.32 %

2018-January

1,619.60 1.21 %

2018-February

1,610.91 1.55 %

2018-March

1,600.78 (0.51 %)

2018-April

1,603.50 (0.51 %)

2018-May

1,593.78 (0.28 %)

2018-June

1,614.29 (1.24 %)

2018-July

1,618.97 (0.67 %)

2018-August

1,623.53 0.24 %

2018-September

1,658.92 3.50 %

2018-October

1,636.02 2.20 %

2018-November

1,641.67 2.63 %

2018-December

1,673.51 3.36 %

2017-January

1,600.30 0.21 %

2017-February

1,586.25 0.14 %

2017-March

1,608.95 (0.01 %)

2017-April

1,611.65 0.85 %

2017-May

1,598.31 0.54 %

2017-June

1,634.58 2.69 %

2017-July

1,629.93 3.26 %

2017-August

1,619.65 2.60 %

2017-September

1,602.79 1.29 %

2017-October

1,600.86 (0.54 %)

2017-November

1,599.64 (1.50 %)

2017-December

1,619.06 0.13 %

2016-January

1,596.99 3.43 %

2016-February

1,583.96 (0.96 %)

2016-March

1,609.10 (0.59 %)

2016-April

1,598.06 (1.71 %)

2016-May

1,589.65 (3.42 %)

2016-June

1,591.79 (3.30 %)

2016-July

1,578.48 (3.08 %)

2016-August

1,578.59 (2.85 %)

2016-September

1,582.44 (4.27 %)

2016-October

1,609.59 0.50 %

2016-November

1,624.04 0.04 %

2016-December

1,617.01 0.76 %

2015-January

1,544.03 7.66 %

2015-February

1,599.26 11.25 %

2015-March

1,618.65 9.81 %

2015-April

1,625.89 8.95 %

2015-May

1,645.99 10.07 %

2015-June

1,646.10 10.07 %

2015-July

1,628.67 7.10 %

2015-August

1,624.88 6.60 %

2015-September

1,652.99 8.31 %

2015-October

1,601.64 3.30 %

2015-November

1,623.37 5.28 %

2015-December

1,604.77 1.85 %

2014-January

1,434.17

2014-February

1,437.56

2014-March

1,474.00

2014-April

1,492.33

2014-May

1,495.41

2014-June

1,495.46

2014-July

1,520.67

2014-August

1,524.27

2014-September

1,526.15

2014-October

1,550.46

2014-November

1,541.94

2014-December

1,575.58

March’s loans to the private sector increased by nearly 10% YoY to SAR 2.59 trillion.

Bank Credit to the Private Sector (Billion)

Period Bank Credit to the Private Sector Change

2024-January

2,548.44 10.81 %

2024-February

2,578.43 11.08 %

2024-March

2,599.22 10.39 %

2023-January

2,299.87 11.94 %

2023-February

2,321.19 11.05 %

2023-March

2,354.61 10.33 %

2023-April

2,360.88 9.67 %

2023-May

2,392.28 10.30 %

2023-June

2,416.97 9.55 %

2023-July

2,433.73 9.97 %

2023-August

2,454.45 9.50 %

2023-September

2,475.80 9.33 %

2023-October

2,497.24 9.43 %

2023-November

2,521.37 9.82 %

2023-December

2,518.79 10.01 %

2022-January

2,054.55 14.76 %

2022-February

2,090.27 14.46 %

2022-March

2,134.10 14.03 %

2022-April

2,152.62 14.24 %

2022-May

2,168.89 13.89 %

2022-June

2,206.23 14.08 %

2022-July

2,213.14 13.77 %

2022-August

2,241.43 14.58 %

2022-September

2,264.45 14.04 %

2022-October

2,282.00 13.54 %

2022-November

2,295.85 13.51 %

2022-December

2,289.58 12.56 %

2021-January

1,790.37 14.43 %

2021-February

1,826.28 14.67 %

2021-March

1,871.57 14.60 %

2021-April

1,884.37 14.37 %

2021-May

1,904.41 15.51 %

2021-June

1,933.96 15.67 %

2021-July

1,945.33 15.48 %

2021-August

1,956.29 15.10 %

2021-September

1,985.71 15.19 %

2021-October

2,009.85 15.76 %

2021-November

2,022.56 15.24 %

2021-December

2,034.09 15.41 %

2020-January

1,564.58 8.53 %

2020-February

1,592.59 9.62 %

2020-March

1,633.08 11.79 %

2020-April

1,647.56 12.18 %

2020-May

1,648.76 10.95 %

2020-June

1,671.93 13.19 %

2020-July

1,684.59 13.48 %

2020-August

1,699.59 14.30 %

2020-September

1,723.79 14.99 %

2020-October

1,736.27 15.18 %

2020-November

1,755.05 14.89 %

2020-December

1,762.44 13.96 %

2019-January

1,441.60 3.19 %

2019-February

1,452.88 3.83 %

2019-March

1,460.81 3.79 %

2019-April

1,468.71 2.86 %

2019-May

1,486.03 4.04 %

2019-June

1,477.11 3.49 %

2019-July

1,484.50 3.02 %

2019-August

1,487.02 2.43 %

2019-September

1,499.02 3.21 %

2019-October

1,507.48 3.50 %

2019-November

1,527.59 4.76 %

2019-December

1,546.52 7.01 %

2018-January

1,397.05 (0.88 %)

2018-February

1,399.35 (0.73 %)

2018-March

1,407.46 (0.53 %)

2018-April

1,427.94 0.75 %

2018-May

1,428.33 0.46 %

2018-June

1,427.35 0.62 %

2018-July

1,441.04 1.73 %

2018-August

1,451.77 2.07 %

2018-September

1,452.43 2.63 %

2018-October

1,456.55 2.62 %

2018-November

1,458.24 3.07 %

2018-December

1,445.25 3.70 %

2017-January

1,409.39 1.81 %

2017-February

1,409.67 0.33 %

2017-March

1,414.96 (0.13 %)

2017-April

1,417.36 (0.33 %)

2017-May

1,421.78 (0.75 %)

2017-June

1,418.54 (1.40 %)

2017-July

1,416.51 (1.28 %)

2017-August

1,422.32 (1.04 %)

2017-September

1,415.24 (1.39 %)

2017-October

1,419.33 (1.20 %)

2017-November

1,414.78 (0.59 %)

2017-December

1,393.70 (0.84 %)

2016-January

1,384.35 9.19 %

2016-February

1,405.02 9.95 %

2016-March

1,416.84 10.05 %

2016-April

1,422.02 10.06 %

2016-May

1,432.52 9.40 %

2016-June

1,438.74 8.08 %

2016-July

1,434.82 7.35 %

2016-August

1,437.31 7.51 %

2016-September

1,435.24 7.04 %

2016-October

1,436.53 6.33 %

2016-November

1,423.22 4.39 %

2016-December

1,405.50 2.45 %

2015-January

1,267.89 11.61 %

2015-February

1,277.82 11.35 %

2015-March

1,287.50 10.36 %

2015-April

1,292.07 9.52 %

2015-May

1,309.45 9.53 %

2015-June

1,331.17 9.55 %

2015-July

1,336.57 9.43 %

2015-August

1,336.86 8.43 %

2015-September

1,340.85 7.11 %

2015-October

1,351.06 4.98 %

2015-November

1,363.32 8.10 %

2015-December

1,371.93 9.21 %

2014-January

1,135.97

2014-February

1,147.54

2014-March

1,166.67

2014-April

1,179.76

2014-May

1,195.56

2014-June

1,215.18

2014-July

1,221.35

2014-August

1,232.93

2014-September

1,251.87

2014-October

1,286.96

2014-November

1,261.11

2014-December

1,256.21

Total Assets, Deposits, Credits of Banks (Billion)

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