Saudi Banks’ Provisions up 18% in Q1-2014

Credit Provisions of Saudi listed banks in addition to the National Commercial Bank rose 18% to SAR 1,832m by the end of Q1-2014 compared to the same period last year; data compiled by Argaam indicated.

Banks’ Provisions in Q1-2014 declined 28% compared to the previous period (Q4-2013) driven by the decline in Al-Rajhi and Saudi Fransi banks’ provisions.

Saudi Banks credit provisions on a quarterly basis (SAR million)
Change	Provisions		Period
2011
(44%)	1216.8			Q1
(47%)	1255.9			Q2
(50%)	1532.6			Q3
(5%)	1793.7			Q4
2012
+34%		1630.6		Q1
+42%		1783.8		Q2
+64%		2522.3		Q3
(3%)		1742.6		Q4
2013
(4%)		1559.0		Q1
(25%)		1334.8		Q2
(28%)		1813.6		Q3
+47%		2555.9		Q4
2014
+18%		1832.1		Q1

Six, out of twelve banks understudy, reported an increase in their provisions compared to the same period last year led by Saudi Investment, Saudi Hollandi and SABB. The remaining six banks reduced their provisions led by Al-Bilad and SAMBA at 93% and 68% declines respectively.

Comparison of Q1 2014’s the provisions to the same period last year in SAR millions
Change	2013	2012	Bank
+7%	203.8	191.1	RIBL
(21%)	205.7	259.8	NCB
+18%	65.4	55.5	BJAZ
+370%	141.0	30.0	Saudi Investment
+309%	89.2	21.8	Saudi Hollandi
(15%)	108.6	127.8	BSFR
+230%	118.5	35.9	SABB
--	106.1	106.3	Arab National
(68%)	70.3	218.2	SAMBA
+75%	693.9	396.9	Al Rajhi
(93%)	4.7	64.6	AL Bilad
(51%)	25.0	51.0	Alinma
+18%	1832.1	1559.0	Total

The following table indicates Saudi banks quarterly credit provisions in 2013 and 2014:

Saudi Banks Quarterly provisions in SAR million
2014	2013
Q1	Q4	Q3	Q2	Q1	Bank
693.9	1010.2	739.5	387.8	396.9	Al Rajhi
205.7	189.4	199.6	146.5	259.8	NCB
203.8	99.5	139.6	197.2	191.1	RIBL
65.4	52.8	(3)	31.0	55.5	BJAZ
141.0	15.0	30.0	30.0	30.0	Saudi Investment
89.2	84.8	11.9	100.0	21.8	Saudi Hollandi
108.6	553.0	169.0	107.6	127.8	BSFR
118.5	16.8	216.2	105.3	35.9	SABB
106.1	273.2	182.0	65.5	106.3	Arab National
70.3	15.4	60.4	59.4	218.2	SAMBA
4.7	26.7	40.0	44.0	64.6	AL Bilad
25.0	134.4	28.3	60.5	51.0	Alinma

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