Saudi Banks credit portfolio up 11% in Q1-2014

Credit portfolio of Saudi listed banks in addition to the National Commercial Bank rose 11% to SAR 1,196bn by the end of Q1-2014 compared to the same period last year; data compiled by Argaam indicated.

Non-performing loans in Q1-2014 declined 17% to SAR 15.8bn compared to the same period last year while the coverage ratio improved from 148% to 161%.

Saudi Banks Credit Portfolios in Q1 (2013 and 2014)
Change	Q1 2014	Q1 2013	Period
+11%	1196	1073	Credit Portfolio in billion
(17%)	15.83	19.12	Non-performing loans in billion
(0.4%)	1.3%	1.8%	Non-performing loans ratio to credit portfolio
+13%	161%	148%	Coverage ratio

Except for Al-Rajhi, Alinma, Saudi Fransi and Saudi Hollandi banks that reported an increase in non-performing loans by 16%, 131%, 20% and 4% respectively, the remaining banks reported declines. Al-Jazira, Al-Bilad and NCB reported the most declines in non-performing loans at 57%, 46% and 37% respectively.

Non-Performing loans ratio to total banks’s credit portfolio declined to 1.3% compared to 1.7% in the same period last year.

Non-Performing Loans in Saudi banks (SAR milion)
Change	Q1 2014	Q1 2014	Bank
(32%)	1342	1980	RIBL
(37%)	2828	4512	NCB
(57%)	455	1066	BJAZ
(12%)	405	461	Saudi Investment
+4%	736	706	Saudi Hollandi
+20%	1431	1196	BSFR
(5%)	1526	1607	SABB
(25%)	1026	1376	Arab National
(17%)	2026	2454	SAMBA
+16%	3310	2844	Al Rajhi
(46%)	425	786	AL Bilad
+131%	317	137	Alinma
(17%)	15827	19125	Total

Al-Bilad and SAMBA reported the highest non-performing loans ratio at 1.8% each, followed by Al-Rajhi bank at 1.7%.

Saudi Investment, Arab National and Al-Bilad banks rose their non-performing loans coverage ratio above 200% and the remaining Saudi banks increased their coverage ratios above 145%.

Non-performing loans to credit portfolio and coverage ratios
Q1 2014		Q1 2013
Coverage ratio	non-performing loans to credit portfolio	Coverage ratio	non-performing loans to credit portfolio	Bank
155%	1.0%	130%	1.6%	RIBL
168%	1.4%	147%	2.6%	NCB
158%	1.2%	134%	3.3%	BJAZ
205%	0.8%	182%	1.2%	SAUDI INVESTMENT
161%	1.3%	158%	1.5%	Saudi Hollandi
158%	1.2%	135%	1.1%	BSFR
150%	1.4%	151%	1.6%	SABB
205%	1.2%	199%	1.6%	Arab National
146%	1.8%	135%	2.3%	SAMBA
145%	1.7%	147%	1.6%	Al Rajhi
195%	1.96%	147%	4.2%	AL Bilad
170%	0.7%	242%	0.3%	Alinma
161%	1.3%	149%	1.7%	Total

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