The profits of banks operating in the Kingdom “Saudi and foreign” jumped to 53.9 billion riyals, compared to 38.7 billion riyals during 2020, an increase of 39.3%, equivalent to 15.2 billion riyals, and exceeded 2019 profits of 50.32 billion riyals.

During the fourth quarter of 2021, the profits of banks operating in Saudi Arabia reached SAR 13.7 billion, compared to SAR 11.09 billion in the corresponding quarter of 2020, an increase of 23.5%..

The third quarter recorded a net profit of 15.11 billion riyals in the third quarter of 2021, an annual increase of 16.5%. In the second quarter of the same year, it jumped 796.4% year-on-year to 12.8 billion riyals.

The profits of banks operating in the Kingdom witnessed a decline in the first quarter of 2021 by 7.16% year-on-year, to 12.27 billion riyals (3.27 billion dollars), compared to 13.22 billion riyals in the similar quarter of 2020.