Here’re fastest growing Saudi banks in Q1: Argaam Tools
- Date: 29-May-2023
- Source: Argaam
- Sector:Financial Services
- Country:Saudi Arabia
Here’re fastest growing Saudi banks in Q1: Argaam Tools
Alinma Bank led the way among Saudi-listed peers in terms of asset growth with 19.1% in Q1 2023, compared to the year-earlier period. Al Rajhi Bank came second with 18.1% growth. The sector’s average growth rate stood at 11.2%.
Source: Argaam Tools (Open for all, limited time only)
Source: Argaam Tools (Open for all, limited time only)
The Saudi Investment Bank (SAIB) led by loan growth with 22.8%, followed by Al Rajhi Bank (18.5%) and Alinma Bank. The sector’s average growth rate came in at 10.3%.
Source: Argaam Tools (Open for all, limited time only)
Source: Argaam Tools (Open for all, limited time only)
In terms of deposit growth, Alinma Bank came first with 24.9%. Bank Albilad came second with 22.5%.
Source: Argaam Tools (Open for all, limited time only)
Source: Argaam Tools (Open for all, limited time only)
Riyad Bank topped the list in terms of demand deposit growth with 6.1% in Q1 2023.
Source: Argaam Tools (Open for all, limited time only)
Source: Argaam Tools (Open for all, limited time only)
Saudi British Bank (SABB) took the first place in terms of operating income growth, reporting a 43.2% increase. Arab National Bank (ANB) came second with 34% growth.
Source: Argaam Tools (Open for all, limited time only)
Source: Argaam Tools (Open for