The assets of commercial banks in Saudi Arabia hit an all-time high in February 2024, up 1 percent to 4.049 trillion riyals ($1.078 trillion), compared to January when assets reached 4.010 trillion riyals ($1.067 trillion) for the first time, according to the Saudi Central Bank (SAMA) monthly bulletin.
Foreign assets rose 0.52 percent to 347.6 billion riyals ($92.5 billion), compared to 345.8 billion riyals ($92 billion) in January. It also rose 22.18 percent year-on-year. Total deposits with commercial banks rose 1.18 percent month-on-month to 2.538 trillion riyals, compared to 2.508 trillion riyals in January. While it rose 10.26 percent year-on-year after reaching 2.301 trillion riyals in February 2023.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
