Top Banks in Saudi Arabia
Top Banks in Saudi Arabia
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.
Top Banks in Saudi Arabia
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
Arab National Bank (ANB) ANB is one of the largest banks in Saudi Arabia with the total assets of USD 36,8 billion as of 2013. The major shareholder is the Jordan based Arab Bank with 40% ownership and employing around 3,500 people. Assets: Estimate USD 36.8 billion
Saudi Investment Bank Saudi Investment Bank is one of largest banks in Saudi Arabia wih head office in Riyadh. Assets: Estimate USD 21.5 billion
Saudi Hollandi Bank Saudi Hollandi Bank is one of the largest banks in Saudi Arabia. The bank empolys 1534 people. Assets: Estimate USD 21.46 billion – 2013