Alvarez & Marsal releases Saudi Arabia banking pulse for Q3 2021

Kingdom of Saudi Arabia: Leading global professional services firm Alvarez & Marsal’s (A&M) latest Saudi Arabia Banking Pulse for Q3 2021 highlights that despite low interest rates higher NII and reduced impairments drove double digit profit, of 20.3 percent, for top 10 banks in the Kingdom of Saudi Arabia (KSA) in Q3’2021, with liquidity expected to remain healthy for the remainder of 2021.

Co-authored by Asad Ahmed, Managing Director and Head of Middle East Financial Services, and Tariq Hameed, Managing Director, EMEA Financial Services, Saudi Arabia Banking Pulse examines data of the 10 largest listed banks in the Kingdom, comparing Q3’21 results against Q2’21 results. Using independently sourced published market data and 16 different metrics, the report assesses banks’ key performance areas, including size, liquidity, income, operating efficiency, risk, profitability, and capital.

The country’s 10 largest listed banks analyzed in A&M’s KSA Banking Pulse are Saudi National Bank (SNB), Al Rajhi Bank, Riyad Bank (RIBL), Saudi British Bank (SABB), Banque Saudi Fransi (BSF), Arab National Bank (ANB), Alinma Bank, Bank Albilad (BALB), Saudi Investment Bank (SIB) and Bank Aljazira (BJAZ).