image description
image description
Tell A Friend

FinancialNews


  • 29-01-20

    KSA: Saudi banks report rise of 7 percent in aggregate net profit

    (MENAFN) According to data from the Saudi Arabian Monetary Authority (SAMA), an increase of 7 percent yearly combined by net profit before zakat and tax to SAR 4.05 billion in December 2019 was reported by Saudi banks.


    In 2019, the sector's aggregate income climbed by 5 percent yearly to SAR 50.5 billion; the data covers 11 named banks and other foreign banks operating in Saudi Arabia.


    Banks' aggregate assets rose by 10 percent yearly to SAR 2.631 trillion in the same month and in December, joint deposits grew by 7 percent yearly to SAR 1.796 trillion.


    Loans to the private sector increased 7 percent yearly to almost SAR 1.546 trillion by the end of the same month.

    MENAFN2901202000450000ID1099619493

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved