REPORTHere’s a review on bank branches in Saudi Arabia in 9M 2019

Banks operating in Saudi Arabia reached 2,071 branches in the first nine months of 2019, compared to 2,064 branches at the end of 2018.

The banks opened 29 new branches, but closed down other 22, according to the central bank’s latest bulletin.

Bank Branches

Variation (YoY)

Number of bank branches

Year

+ 65

1,289

2006

+ 64

1,353

2007

+ 57

1,410

2008

+ 109

1,519

2009

+ 72

1,591

2010

+39

1,630

2011*

+47

1,677

2012*

+ 72

1,749

2013*

+160

1,909

2014*

+67

1,976

2015*

+53

2,029

2016*

+40

2,069

2017*

(5)

2,064

2018*

+7

2,071

9M 2019

*updated data.

Riyad Bank shut ten branches, and launched a new one, while Al Rajhi Bank closed down seven branches and opened two others.

Meanwhile, National Commercial Bank (NCB) and Alinma Bank inaugurated 19 branches and three branches, respectively. 

Banks Branches Opened/Closed in 9M 2019

Closed branches

New openings

Number of branches

Bank

+ 19

420

NCB

(1)

141

SABB*

(7)

+ 2

546

Al Rajhi

+ 3

93

Alinma

(1)

110

Albilad

+  1

87

BSF

+ 2

3

NBK

(3)

+ 1

138

ANB

(10)

+ 1

312

Riyad

(22)

+ 29

 

Total

* A merger with Alawwal.

As many as 14 foreign banks are currently operating in the country, including Emirates NBD (four branches), Gulf International Bank (three branches), BNP Paribas of France, National Bank of Kuwait (three branches), as well as one branch for Deutsche Bank of Germany, Bank Muscat, National Bank of Bahrain (NBB), and JPMorgan Chase & Co. of the United States, Pakistan National Bank, Ziraat Bank of Turkey, Qatar National Bank, First Abu Dhabi Bank, Industrial and Commercial Bank of China and Tokyo-Mitsubishi UFJ.

Saudi banks had 2,050 branches by the end of the nine-month period, topped by Al Rajhi Bank with 546 branches. It was followed by NCB (420) and Riyad Bank (312).

Saudi British Bank (SABB), after merger completion with Alawwal Bank, took the fourth place with 141 branches.

Banks Branches Opened/Closed in 9M 2019

Variation ***

9M 2019

2018**

Bank

(5)

546

551

Al Rajhi

+ 19

420

401

NCB

(9)

312

321

Riyad

(1)

141

75

SABB*

(2)

138

140

ANB

(1)

110

111

Albilad

+ 3

93

90

Alinma

+ 1

87

86

BSF

79

79

Aljazira

72

72

Samba

52

52

SAIB

67

Alawwal*

+ 5

2,050

2,045

Total

* Alawwal branches transmitted to SABB after merger.

** Data reclassification

***Opening and shutdown of branches as illustrated in the table above.

Riyadh had the biggest number of bank branches (627). Makkah region followed with 440 branches, and the Eastern Province (405 branches).

Banks Branches by Region

Number of branches

Region

627

Riyadh

440

Makkah

405

Eastern Region

128

Aseer

120

Qassim

104

Medina

56

Jazan

51

Tabuk

42

Hail

27

Najran

27

Al Jouf

27

AlBaha

17

Northern boarders

2,071

Total

Average assets per branch rose to SAR 1.210 billion in the same period from SAR 1.162 billion by the end of 2018. Average loans increased to SAR 723 million per branch, with average deposits also rising to SAR 820 million per branch.

Average Assets, Deposits, Loans, Profit per Branch (SAR mln/branch)

Average profit

Average deposits

Average loans

Average assets

Period

27

459

369

668

2006

22

530

427

795

2007

21

600

521

924

2008

18

619

483

902

2009

16

619

488

889

2010

19

687

530

962

2011*

20

760

601

1,049

2012*

20

811

648

1,099

2013*

21

832

666

1,133

2014*

21

818

701

1,130

2015*

20

803

699

1,128

2016*

21

789

679

1,136

2017*

23

811

700

1,162

2018*

19

820

724

1,210

9M 2019

*updated data.