Saudi banks credit portfolio up 12 percent in 2014

The combined credit portfolioAlso of Saudi Arabia’s listed banks rose 12 percent to SAR 1,265.6 billion by the end of last year, compared to the same period in 2013, according to data compiled by Argaam.

Non-performing loans (NPLs) in 2014 declined 7 percent to SAR 14.4 billion, while the coverage ratio improved from 157 percent to 183 percent.

Comparison of 2013-2014 Credit Portfolio (SAR mln)
Change	2014	2013	Period
+12%	1,265.6	1,129.1	Credit Portfolio in billion
(7%)	14.4	15.6	NPLs in billion
(0.24%)	1.14%	1.38%	NPLs ratio to credit portfolio
+26%	183%	157%	Coverage ratio

NPLs of most banks fell last year. The biggest drop was posted by Saudi Fransi Bank, with a 22 percent decline, followed by SAMBA Financial Group and Riyad Bank.

The NPLs of four banks increased, led by Alinma Bank and Saudi Hollandi.

NPLs in 2010-2014 (SAR mln)
2014	2013	2012	2011	2010	Bank
2,851	2,919	4,949	4,271	5,163	NCB
1,049	1,264	2,037	1,879	1,814	RIBL
370	429	1,040	1,031	1,330	BJAZ
436	395	450	1,802	1,791	Saudi Investment
841	738	722	735	931	Saudi Hollandi
1,182	1,517	1,045	1,128	1,016	Saudi Fransi
1,494	1,525	1,598	1,678	2,615	SABB
1,095	1,004	1,314	1,784	2,029	Arab National
1,659	2,011	2,340	2,764	3,139	SAMBA
2,655	3,007	3,530	2,396	2,663	Al Rajhi
430	460	752	685	708	AL Bilad
350	302	122	10	0	Alinma
14,412	15,571	19,899	20,163	23,199	Total

The NPLs ratio to total banks credit portfolio declined to 1.14 percent compared to 1.38 percent in 2013.

Al-Bilad, SAMBA, and SABB reported the highest NPLs ratios at 1.52 percent, 1.34 percent, and 1.30 percent respectively.

Saudi banks accelerated their NPLs coverage ratio above 160 percent.

NPLs to Credit Portfolio and Coverage Ratios 2013-2014
2014		2013
Coverage ratio	NPLs to credit portfolio	Coverage ratio	NPLs to credit portfolio	Bank
%180	%1.29	%165	%1.56	NCB
%189	%0.79	%153	%0.96	RIBL
%173	%0.89	%154	%1.23	BJAZ
%188	%0.76	%178	%0.83	Saudi Investment
%161	%1.29	%162	%1.39	Saudi Hollandi
%195	%1.01	%146	%1.36	Saudi Fransi
%161	%1.30	%148	%1.44	SABB
%218	%1.06	%205	%1.14	Arab National
%161	%1.34	%145	%1.77	SAMBA
%196	%1.29	%144	%1.61	Al Rajhi
%192	%1.52	%195	%1.96	Al Bilad
%188	%0.65	%170	%0.67	Alinma
%183	%1.14	%157	%1.38	Total

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