The profits of banks operating in Saudi Arabia have increased by 0.7%, equivalent to SR 111 million, with 16.66 billion riyals during the first four months from 2021, compared to 16.54 billion riyals in the same period from 2020.
According to Arab Net, the Economic newspaper, based on SAMA data, said profits rose 31.8%, equivalent to SR 1.06 billion in April to 4.38 billion riyals, compared to 3.33 billion riyals in the same month last year.
The report includes profits before zakat and taxes for 10 national banks, as well as branches of 14 foreign banks licensed in Saudi Arabia, while bank branches do not include abroad.
The profits of monthly banks since the beginning of the year as follows: 5.15 billion riyals in January, and then 3.11 billion riyals in February, 4.02 billion riyals in March and 4.38 billion riyals in April.
On the monthly development during the period from early 1993 to April 2021 (340 months), banks operating in Saudi Arabia recorded the highest profits in January 2020, about 5.23 billion riyals, while only seven months.
For the annual development of the same period, the banks operating in Saudi Arabia have recorded the highest profits in its history during 2019 by about 50.32 billion riyals, high of 4.5% (2.17 billion riyals) at the 2018 levels in 2018, 48.15 billion riyals, which is the second highest profit in history Sector after 2019.
