Saudi banks’ aggregate deposits hit all-time high to exceed SAR 2 trln

29/06/2021 Argaam Special


The combined deposits at Saudi banks exceeded SAR 2 trillion for the first time in history, reaching SAR 2.001 trillion by the end of May 2021.

 

The total deposits crossed SAR 1 trillion for the first time in January 2011, which surpassed SAR 1.5 trillion in April 2014.

 

Deposits*

Period

Value (SAR bln)

Variation (SAR bln)

Variation (%)

2000

267.97

17.58

7 %

2001

290.78

22.81

9 %

2002

337.88

47.10

16 %

2003

361.66

23.78

7 %

2004

435.53

73.87

20 %

2005

489.06

53.53

12 %

2006

590.94

101.88

21 %

2007

717.56

126.62

21 %

2008

846.12

128.55

18 %

2009

940.55

94.43

11 %

2010

984.85

44.30

5 %

2011

1,119.64

134.79

14 %

2012

1,274.95

155.31

14 %

2013

1,417.93

142.98

11 %

2014

1,588.14

170.21

12 %

2015

1,617.09

28.95

2 %

2016

1,629.38

12.29

1 %

2017

1,633.13

3.74

--

2018

1,673.51

40.39

2 %

2019

1,795.98

122.47

7 %

2020

1,942.98

147.00

8 %

May  2021

2,001.23

58.25

3 %

*Doesn’t include the bank branches abroad.

 

 

Demand deposits represented the largest share of deposits at SAR 1.324 trillion, or 66% of total deposits, of which SAR 1.169 trillion is corporate and retail deposits and SAR 155.1 billion is from government agencies.

 

Time and saving deposits hit SAR 439.1 billion by the end of May, while other quasi-monetary deposits reached SAR 237.8 billion.

 

Saudi Bank Deposits by Type (SAR bln)

Total Deposits

Other Quasi-Monetary Deposits

Time and Saving Deposits

Demand Deposits

Period

267.97

62.66

90.83

114.48

2000

290.78

68.90

91.68

130.19

2001

337.88

79.84

108.03

150.01

2002

361.66

80.70

113.38

167.58

2003

435.53

87.69

136.67

211.17

2004

489.06

104.54

165.27

219.25

2005

590.94

121.50

226.03

243.42

2006

717.56

123.14

283.06

311.37

2007

846.12

136.01

367.62

342.49

2008

940.55

184.01

323.38

433.16

2009

984.85

156.50

298.28

530.07

2010

1,119.64

161.15

316.40

642.09

2011

1,274.95

188.72

329.68

756.56

2012

1,417.93

207.39

350.27

860.27

2013

1,588.14

193.34

403.42

991.38

2014

1,617.09

197.56

439.38

980.15

2015

1,629.38

157.28

496.02

976.09

2016

1,633.13

176.51

454.15

1,002.47

2017

1,673.51

189.83

443.02

1,040.66

2018

1,795.98

195.16

501.67

1,099.15

2019

1,942.98

186.43

473.97

1,282.59

2020

2,001.23

237.79

439.10

1,324.34

May  2021

 

By the end of May, aggregate deposits at Saudi banks represented about 79% of the Kingdom’s GDP for 2020.

 

Saudi Bank’s Deposits to GDP (%)

Period

Percentage (%)

2000

19 %

2001

21%

2002

25%

2003

24%

2004

27%

2005

28%

2006

33%

2007

40%

2008

44%

2009

50%

2010

50%

2011

51%

2012

56%

2013

60%

2014

65%

2015

64%

2016

63%

2017

64%

2018

64%

2019

68%

2020

77%

May  2021

79%

 

 

For more data, visit Argaam Tools

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