Saudi Banks write off SAR 2.7bn of non-performing loans in the first nine months of 2014

Saudi banks wrote off non-performing loans of SAR 2.7bn in the first nine months of 2014, 66% decrease compared to SAR 8bn in the same period last year; a study by Argaam on Saudi Banks indicted.

Non-performing loans are defaulted loans that are not written off yet by the banks. Non-performing loans are written off to preset credit provisions when the loans are unrecoverable.

Non-performing loans declined to SAR 15.4bn by the end of the first nine months of 2014 compared to SAR 16.4bn for the same period last year.

Saudi Hollandi Bank, Arab National Bank and Al Jazira Bank grew their non-performing loans written off in 2014 as opposed to the remaining listed banks that decreased the written off loans.

NPL written off for the 9 months (SAR million)
	Change (%)	September 2014	September 2013	Bank
	( %67 )	814	2487	Al Rajhi
	( %91 )	225	2590	NCB
	( %73 )	263	979	RIBL
	( %51 )	249	513	SABB
	( %61 )	107	274	SAMBA
	+377%	172	36	Saudi Hollandi
	+13%	178	158	Arab National
	( %20 )	172	216	Saudi Fransi
	( %48 )	65	124	SIBC
	+135%	419	178	BJAZ
	(95%)	18	374	AL Bilad
	--	0	32	Alinma
	( 66% )	2682	7961	Total

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