‎Here’re fastest growing Saudi banks in Q1: Argaam Tools

‎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