The assets of banks operating in Saudi Arabia reached a record level at the end of last October, at about 2.92 trillion riyals, of which foreign assets worth 251.3 billion riyals, which constitute 8.6 percent of the total assets, which is the lowest share ever, according to the data available since 1993.
According to the monitoring unit of the reports in Al-Eqtisadiah newspaper, based on the data of the Central Bank of Saudi Arabia, "SAMA", the assets of banks in Saudi Arabia increased monthly by 1.5 percent, equivalent to 42.1 billion riyals, where they were about 2.88 trillion riyals at the end of September the past.
While it rose by 16.1 percent year-on-year, at a value of 405.5 billion riyals, where it was 2.52 trillion riyals at the end of October of 2019.
As for foreign assets with banks in Saudi Arabia, they declined monthly by 5 percent, equivalent to 13.3 billion riyals, as they were about 264.6 billion riyals at the end of last September.
However, it increased by 5.3 percent on an annual basis, at a value of 12.6 billion riyals, where it was 238.7 billion riyals at the end of October of 2019.
Referred to, the assets of the banks included in the report do not include branches of banks abroad, according to the Saudi Central Bank "SAMA".
The assets of Saudi banks are divided into nine departments, which are bank reserves that include four items (cash in the fund, statutory deposits, current deposits, and other deposits), SAMA bills, foreign assets, liabilities from the private sector, liabilities on the government and quasi-government, and liabilities. On non-financial institutions, fixed assets, liabilities from banks, and finally other assets.
Liabilities from the private sector constitute the largest share of assets, at about 1.74 trillion riyals, which constitutes 59.4 percent of the total assets of Saudi banks.
This is followed by liabilities on the government and quasi-government, about 502 billion riyals, which constitute 17.2 percent of the total assets of banks in Saudi Arabia, then foreign assets of 251.3 billion riyals, which constitute 8.6 percent of the total assets of banks in Saudi Arabia.
After them, other deposits amounting to 128.3 billion riyals, equivalent to 4.4 percent of total bank assets, then statutory deposits of about 113 billion riyals, equivalent to 3.9 percent of total assets.
The item of other assets is 85.9 billion riyals, which constitutes 2.9 percent of total assets, then the fixed assets of banks 34.5 billion riyals, equivalent to 1.2 percent of the total assets, while a cash item in the fund is worth 27.3 billion riyals, representing 0.9 percent of the assets.
They are followed by the item of liabilities from banks of 24.5 billion riyals, which constitutes 0.8 percent of the total assets, then the bills of the Saudi Central Bank "SAMA" 0.6 percent of the total assets of banks with a value of nearly 17 billion riyals.
Economic Reports Unit
