Banking Industry in Saudi Arabia - Statistics & Facts

The banking sector constitutes financial institutions that accept monetary deposits and who operate in the lending process of the capital market. Today’s banking system is based on the Venetian financial market of the 14th century.

The total assets of banks globally amounted to 150.8 trillion U.S. dollars. This has almost tripled in value in comparison to the beginning of the millennium, particularly bearing in mind that the financial sector had experienced a major crisis in the interim.

The financial sector of the Gulf Cooperation Council region accumulated during this time assets worth 2.3 trillion U.S. dollars for commercial banks and 573 billion non-bank institutions.

One main aspect of the financial market in Saudi Arabia is the Islamic banking sector, since the Kingdom of Saudi Arabia is a Muslim country in which Shariah law is the guideline for many rules and regulations for life and business. One main factor of the Islamic banking system is that it is basically non-interest banking as taking interests on loans is forbidden according to Islamic law. Profits for Islamic banks are generated through equity participation. This means that a borrower gives the bank a share of its profit. Further, Islamic banking differentiates itself from other conventional financial institutions by abstaining from investments in fields contrary to the Islamic morals such as business involving alcohol, pork, gambling etc.
Nearly 30 percent of the Islamic banking business in the Gulf Cooperation Council takes place in Saudi Arabia, making it an important hub for this market.

The value of traded shares amongst the 12 leading commercials banks in the traditional capital markets in Saudi Arabia about 195 billion Saudi Riyals. The National Commercial Bank alone generated almost 10 billion Saudi Riyal in the trade with shares.

Commercial Banks in Saudi Arabia generate about 70 percent of their revenue through net special commissions. Almost 60 percent of their loans are given to businesses and only 24 percent to consumers. Real estate loans, such as mortgages, are only 16 percent of this business field.

In the Arab region on average the ratio of private sector credits to total deposits is about 69 percent. Whereas in the Kingdom of Saudi Arabia the leading commercial Banks operate on a loan to deposit ratio of 86 percent.

Interesting statistics

In the following 7 chapters, you will quickly find the 21 most important statistics relating to "Banking Industry in Saudi Arabia".

Banking Industry in Saudi Arabia

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!

Important key figures

The most important key figures provide you with a compact summary of the topic of "Banking Industry in Saudi Arabia" and take you straight to the corresponding statistics.

National Commercial bank

Al Rajhi


Saudi American Bank


Get in touch with us. We are happy to help.

Statista Locations
ContactEsther Shaulova
Esther Shaulova
Operations Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

ContactZiyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

ContactLodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

ContactCatalina Rodriguez
Catalina Rodriguez
Key Account Manager - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)