The operating income of 12 listed banks in Saudi Arabia jumped 6.5 percent year-on-year (YoY) to SAR 22.7 billion in Q4 2018 from SAR 21.3 billion in Q4 2017, noted a report by Aljazira Capital on Thursday.

 

Retail income accounted for 47.1 percent of the total operating income in Q4 2018 compared with 45.7 percent in Q4 2017, registering an increase of 9.8 percent YoY, the report added.

 

Also read: Saudi banking sector to remain profitable in 2019 despite low oil prices

 

The corporate sector’s contribution rose to 31.8 percent in Q4 2018 from 31.1 percent in Q4 2017. Earnings from the corporate sector stood at SAR 7.2 billion (up 8.8 percent YoY).

 

Treasury income rose 0.2 percent YoY to SAR 3.7 billion, whereas investment income decreased 7.3 percent YoY to SAR 1.17 billion.

 

NCB, with an operating income of SAR 4.7 billion, contributed 20.9 percent to total sector earnings in Q4 2018, followed by Al Rajhi’s contribution of 19.8 percent with earnings of SAR 4.5 billion, the report by Aljazira Capital added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Saudi banking sector's corporate segment sees flat operating profit in Q3

Quotes

ALRAJHI
92.20
(1.70) (1.81%)
ALBILAD
35.55
(0.10) (0.28%)
ANB
19.84
(0.06) (0.30%)
BJAZ
16.34
(0.24) (1.45%)
RIBL
26.50
(0.10) (0.38%)
SAB
31.95
0.20 0.63%
SAMBA
38.50
1.70 4.62%
BSF
31.40
0.00 0.00%
Alawwal
19.58
0.28 1.45%
SAIB
13.80
0.00 0.00%
ALINMA
27.90
(0.10) (0.36%)
SNB
32.95
(0.15) (0.45%)


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request