Saudi-listed banks witnessed a 21 percent drop in provisions to SAR 1.454 billion in first quarter , compared to the same quarter in 2014, new research from Argaam has shown.

 

When compared to the previous quarter (Q4-2014), provisions in Q1 fell 14 percent, brought down mainly by National Commercial Bank (NCB), Riyad Bank, as well as Saudi British Bank.

 

Credit Provisions (SAR mln)

Change

Provisions volume

Period

   2013

(4%)

1,559.0

Q1

(30%)

1,255.2

Q2

(30%)

1,769.9

Q3

+38%

2,409.7

Q4

   2014

+18%

1,832.0

Q1

+6%

1,326.5

Q2

+9%

1,931.1

Q3

(30%)

1,686.2

Q4

   2015

(21%)

1,454.0

Q1
 

Seven out of 12 banks included in the study posted a decline, led by Saudi Investment Bank (SAIB) at 84 percent, Banque Saudi Fransi (BSF) at 66 percent, and Bank Aljazira at 44 percent.

 

Meanwhile, five banks recorded growth, as Bank Albilad and Alinma Bank more than doubled their provisions.

 

Comparison of Q1-2014 / Q1-2015  (SAR mln)

Change

Q1-2015

Q1-2014

Bank

(37%)

127.8

203.8

RIBL

+6%

218.3

205.7

NCB

(44%)

36.7

65.4

BJAZ

(84%)

23.0

141.0

Saudi Investment

+14%

101.3

89.2

Saudi Hollandi

(66%)

37.2

108.6

BSFR

(2%)

115.6

118.5

SABB

+29%

137.1

106.1

Arab National

(30%)

49.0

70.3

SAMBA

(25%)

521.8

693.9

Al Rajhi

+243%

16.1

4.7

AL Bilad

+180%

70.1

25.0

Alinma

(21%)

1,454.0

1,832.1

Total
 

Provisions in 2014 - 2015 (SAR mln)

2015

2014

  

Q1

Q4

Q3

Q2

Q1

Bank

218.3

480.7

400.9

( 91.8)

205.7

NCB

127.8

215.9

217.4

262.9

203.8

RIBL

36.7

15.50

211.0

91.2

65.4

BJAZ

23.0

45.3

14.0

21.0

141.0

Saudi Investment

101.3

87.1

89.6

79.7

89.2

Saudi Hollandi

37.2

34.36

72.6

105.4

108.6

BSFR

115.6

93.1

157.8

81.4

118.5

SABB

137.1

216.4

121.9

106.6

106.1

Arab National

49.0

31.8

7.4

31.9

70.3

SAMBA

521.8

423.0

597.1

598.2

693.9

Al Rajhi

16.1

( 27.4 )

( 9.1 )

24.4

4.7

Al Bilad

70.1

70.40

50.6

15.7

25.0

Alinma

1,454.0

1,686.1

1,931.2

1,326.6

1,832.1

Total
 

Argaam Reports

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