Marcopolis presents the Saudi Arabia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives. The sectors under review in this issue are industry, real-estate, ICT, investments, banking sector, telecom sector and many more.
This is the list of the largest banks in Saudi Arabia, as measured by total assets. Marcopolis.net compiles the ranking of Saudi largest banks for 2014. Following are the largest banks in Saudi Arabia by assets. National Commercial Bank is currently the largest bank in Saudi Arabia by assets, followed by Al Rajhi Bank and Riyad Bank.
According to SAMA the banking sector continued its good performance in 2012. Commercial Banks' assets went up 12.3% to USD 462 billion. Total bank deposits grew by 14.2 % to USD 335 billion. There are 23 commercial banks operating in Saudi Arabia as of 2012, including the branches of foreign banks with 1,696 branches. The newest arrival is the Industrial and Commercial Bank of China. The Saudi Banking sector has the reputation of the safest in the region.
Top 10 banks in Saudi Arabia control over 80% of the total assets in the banking system. The total assets in the banking system stood at US$ 568 bn dollars in 2014, up from US$ 504 bn in 2013.
Top Three banks in Saudi Arabia, National Commercial Bank, Al Rajhi Bank and Riyad Bank control over 39% of the total banking assets.
National Commercial Bank (NCB) - Al-Ahli Bank
NCB is the largest bank in the Arab world and the largest bank in Saudi Arabia. Also, it is a pioneering Islamic bank. The bank is held by Ministry of Finance's Public Investment Fund (PIF).
Total Assets: USD 92 billion - 2014
Al Rajhi Bank
Al Rajhi Bank is one of the largest banks in Saudi Arabia. The bank employs 8,400 people. The bank as over 500 branches and more than 3,600 ATM. Major shareholders include GOSI and Sulaiman A. Al Rajhi Endowment Co.
Total Assets: USD 76.8 billion - 2014
Riyad Bank
Riyad bank is one of the largest banks in the Kingdom. The government owns 51% of the bank.
Assets: USD 56 billion - 2014
Samba
Samba Financial Group (formerly known as The Saudi American Bank) has over 60 branches in Saudi Arabia and a branch each in London, Qatar and Dubai. Samba is one of the largest financial institutions in the country. Samba is fully owned by Saudi shareholders.
Assets: USD 55 billion - 2014
Banque Saudi Fransi
The banks is one of the leading financial institution in the country. 69.9% is held by Saudi shareholders and 31.1% by Credit Agricole CIB.
Assets: USD 49 billion - 2014
Saudi British Bank
Saudi British Bank is a large financial institution operating in the Kingdom of Saudi Arabia. The banks is owned by the Saudi shareholders and HSBC.
Assets: USD 46 billion - 2014