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Since the oil price shocks, the economy and the banking sector of Saudi Arabia has been disturbed. The revenues and profits of the bank have been declined. Today, we are going to share a list of top 10 banks in Saudi Arabia along with its worth of assets and profitability.
The banking sector is the backbone of the Saudi economy. It helps to intake funds and flow them in the economy to promote the growth of the economy. The well-established banking sector of the economy has helped the country retain stability even during the oil price shocks. Here is a list of top 10 banks of Saudi Arabia:
National Commercial Bank
The Assets held by the National commercial bank by the end of 2016 were $117,731,019 as compared to assets held in 2015 which were $119,824,114. It recorded a growth of -1.75% (growth rate calculated for 2015-16). The net profit was recorded as $2,510,889 while the return on assets was 2.13%.
Al Rajhi Banking Corporation
Al Rajhi bank is yet another great bank in Saudi Arabia. The total assets held by it in 2016 were $90,589,818 as compared to $84,165,239 held in 2015. This records a growth of 7.63% from the year 2015-16. The net profit was $2,166,923 while the return on assets for the year 2016 is 2.39%.
Samba bank is another renowned bank of Saudi Arabia. Its total asset holding was $61,730,290 in 2016 as compared to $62,731,381 in 2015 which shows a growth rate of -1.60%. The bank recorded a net profit of $1,334,843 in 2016 with the return on assets as 2.16%.
The Riyadh Bank holds total assets of worth $58,031,734 in 2016. It recorded a growth rate of -2.55% as the assets held by it in 2015 were $59,550,900. The net profit earned by it was $891,330 in 2016. The return on assets was 1.54%.
Banque Saudi Fransi
The total assets holding in 2015 $48,993,142. However, a remarkable growth of 10.72% was seen in a year and assets totaled up to $54,247,656 in 2016. The 2016’s recorded net profit was $936,062 with a return on assets (ROA) as 1.73%.
Saudi British Bank
The total assets held by the bank in 29016 were $49,614,905 as compared to $50,066,779 in 2015. The growth rate had been -0.90% while the net profit was as good as $1,038,595 while the return on assets was 2.09%.
Arab National Bank
The Arab national bank holds the total assets of worth $45,335,659, which have declined by 0.24% as compared to $45,445,673 in 2015. The net profits were recorded at $763,167 while the ROA was 1.68%.
The Assets recorded by the bank in 2016 were $28,018,800 while in 2015 were $28,818,756. The net profit was $283,927 while the Return on assets (ROA) in 2016 was 1.01%.
The 2016’s asset holding was $27,927,963. This is 18.4% higher than in 2015. The net profit was $400,606 while the Return on assets (ROA) was 1.43%.
Saudi Investment Bank
The bank recorded assets holding of $25,163,066. In 2015 the assets held by the bank were $24,968,992. The net profit was $280,789 while Return on assets (ROA) in 2016 was 1.12%