Saudi Banks’ credit portfolio up 12% in September-2014

Credit portfolio of Saudi listed banks in addition to the National Commercial Bank rose 12% to SAR 1,248 bn by the end of September-2014 compared to the same period last year; data compiled by Argaam indicated.

Non-performing loans in September declined 6% to SAR 15.4bn compared to the same period last year while the coverage ratio improved from 155% to 174%.

Saudi Banks Credit Portfolios in the first 9 months of 2014 to the same period of 2013
Change	September 2014	September2013	Period
+12%	1247.9	1112.5	Credit Portfolio in billion
(6%)	15.4	16.4	Non-performing loans in billion
(0.23%)	1.24%	1.47%	Non-performing loans ratio to credit portfolio
+19%	174%	155%	Coverage ratio

Non-performing loans of five banks increased in September led by Alinma bank capturing an increase of 75%.

Al-Jazira and Arab National Bank reported the most declines in non-performing loans at 60%, 46% and 21% respectively.

Non-Performing Loans in Saudi banks (SAR milion)
Change	September 2014	September 2014	Bank
(11%)	2787	3116	NCB
(10%)	1277	1420	RIBL
(60%)	369.9	930	BJAZ
+22%	468	384	Saudi Investment
+7%	796	741	Saudi Hollandi
+3%	1285	1252	BSFR
(7%)	1500	1612	SABB
(21%)	1100	1388	Arab National
(14%)	1942	2255	SAMBA
+18%	3157	2670	Al Rajhi
(4%)	431	448	AL Bilad
+75%	333	190	Alinma
(6%)	15445	16403	Total

Non-Performing loans ratio to total banks’ credit portfolio declined to 1.24% compared to 1.47% in the same period last year.

SAMBA, Al-Bilad and Al-Rajhi reported the highest non-performing loans ratio at 1.62%, 1.57% and 1.55% respectively.

Most banks increased their non-performing loans coverage ratio above 160% except for SABB and SAMBA.

Non-performing loans to credit portfolio and coverage ratios
	September 2014		September 2013
Coverage ratio	non-performing loans to credit portfolio	Coverage ratio	non-performing loans to credit portfolio	Bank
184%	1.30%	163%	1.69%	NCB
184%	0.91%	147%	1.09%	RIBL
165%	0.92%	138%	2.63%	BJAZ
174%	0.81%	204%	0.90%	SAUDI INVESTMENT
161%	1.26%	162%	1.38%	Saudi Hollandi
182%	1.09%	139%	1.11%	BSFR
158%	1.29%	140%	1.49%	SABB
201%	1.15%	209%	1.61%	Arab National
151%	1.62%	141%	1.98%	SAMBA
171%	1.55%	140%	1.44%	Al Rajhi
208%	1.57%	195%	2.11%	AL Bilad
182%	0.66%	205%	0.45%	Alinma
174%	1.24%	155%	1.47%	Total

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