57.3 billion riyals in profits during the first 10 months

SAMA Saudi Central Bank - Bank Profits

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Net The profits of banks and commercial banks operating in the Kingdom during the first 10 months of 2022 amounted to about 57.3 billion riyals before zakat and tax, an increase of 27.95%, and an increase of 12.52 billion riyals from the profits of the similar period last year, which recorded 44.79 billion riyals.

The profits of banks and commercial banks during the month of October increased by 31.94% year-on-year, to about 6.08 billion riyals before zakat and tax, compared to 4.61 billion riyals in the similar month of 2021 on a monthly basis.