|22 September, 2019

Saudi bank deposits rise 4% in Q2 2019

Total assets and liabilities of commercial banks in Saudi Arabia went up by 5.2% year-on-year

A Saudi money changer counts U.S banknotes at a currency exchange shop in Riyadh, Saudi Arabia September 29, 2016.

A Saudi money changer counts U.S banknotes at a currency exchange shop in Riyadh, Saudi Arabia September 29, 2016.

REUTERS/Faisal Al Nasser

Riyadh – Mubasher: Deposits of banks operating in Saudi Arabia grew by 3.9% to SAR 1.677 trillion during the second quarter of 2019, compared to the year-ago period.

Total assets and liabilities of commercial banks in Saudi Arabia went up by 5.2% year-on-year to SAR 2.433 trillion in Q2-19, according to data released by the Saudi Arabian Monetary Authority (SAMA).

Moreover, commercial bank’s capital and reserves surged 7.8% year-on-year in the second quarter of 2019, recording SAR 358.9 billion.

Saudi Arabia’s foreign reserve assets increased by 2.7%, or SAR 49.6 billion, quarter-on-quarter, to reach SAR 1.913 trillion in the second quarter of 2019. The kingdom’s foreign assets rose by 1.5% year-on-year.

Source: Mubasher

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