The number of bank branches in Saudi Arabia reached 1,910 by the end of the first nine months of 2024, from 1,901 a year earlier.
Twenty-seven new branches opened during the current period, and 18 closed down, according to the latest bulletin issued by the Saudi Central Bank (SAMA).
The table below shows the changes in the number of bank branches in Saudi Arabia since 2006:
Bank Branches
Period
Number of Branches
Change (YoY)
2006
1,289
+56
2007
1,353
+76
2008
1,410
+57
2009
1,519
+109
2010
1,591
+72
2011
1,630
+39
2012
1,677
+47
2013
1,749
+72
2014
1,909
+160
2015
1,976
+67
2016
2,029
+53
2017
2,069
+40
2018
2,064
(5)
2019
2,076
+12
2020
2,014
(62)
2021
1,945
(69)
2022
1,927
(18)
2023
1,901
(26)
9M 2024
1,910
+9
The nine-month period witnessed the closure of several branches and the opening of new ones, as shown in the following table:
Banks Branches Opened/Closed in 9M 2024
Bank
Branches
Opened
Closed
SNB
482
+13
(1)
Alinma Bank
113
+5
—
Emirates NBD
19
+4
—
Al Rajhi Bank
512
+4
(1)
SAB
93
—
(1)
Bank Albilad
107
—
(1)
Bank AlJazira
74
—
(1)
Riyad Bank
231
+1
(7)
ANB
121
—
(6)
Total
+27
(18)
As many as 10 Tadawul-listed banks operate in the Kingdom. This is in addition to 18 foreign banks, including Emirates NBD (18 branches) and Gulf International Bank, National Bank of Kuwait, and First Abu Dhabi Bank with three branches each.
Industrial and Commercial Bank of China and Qatar National Bank (QNB) each has two branches in Saudi Arabia.
Foreign banks with one branch in the Kingdom include Shohar International Bank, National Bank of Iraq, Standard Chartered, Credit Suisse, MUFG Bank, Ziraat Bank Turkey, National Bank of Pakistan, JPMorgan Chase, National Bank of Bahrain, Bank Muscat, Deutsche Bank and BNP Paribas.
The number of Saudi-based bank branches decreased to 1,866 by the end of the first nine months of 2024.Al Rajhi Bankled with 512 branches, followed by Saudi National Bank (SNB) (482), Riyad Bank (231), and Arab National Bank (ANB) (121),as follows:
Branches of Saudi Banks in9M 2024
Bank
2023
9M 2024
Change (Branch)
Al RajhiBank
509
512
+3
SNB
470
482
+12
RiyadBank
237
231
(6)
ANB
127
121
(6)
AlinmaBank
108
113
+5
Bank Albilad
108
107
(1)
SAB
94
93
(1)
BSF
82
82
—
BankAlJazira
75
74
(1)
SAIB
51
51
—
Total
1,861
1,866
+5
Geographically, Riyadh had the highest number of bank branches at 586. Makkah and Eastern Province followed with 378 and 357 branches, respectively,as indicated below:
Bank Branches by Region in 9M 2024
Region
Number of Branches
Riyadh
586
Makkah
378
Eastern Province
357
Aseer
123
Qassim
119
Madinah
103
Jazan
54
Tabuk
47
Hail
44
Al Jouf
28
Al Baha
26
Najran
26
Northern Borders
19
Total
1,910
Average assets per branch rose to SAR 2.29 billion by the end of 9M 2024, from SAR 2.08 billion by the end of 2023.
Average loans increased to SAR 1.45 billion per branch, with average deposits rising to SAR 1.42 billion per branch,as the following table shows:
Average Assets, Deposits, Loans Profit per Branch (SAR mln)
Period
Average Assets
Average Loans
Average Deposits
Average Profit
2006
668
369
458
26.9
2007
795
427
530
22.4
2008
924
521
600
21.2
2009
902
483
619
17.7
2010
890
488
619
16.4
2011
962
530
687
18.9
2012
1,049
601
760
19.9
2013
1,099
648
811
20.3
2014
1,133
666
832
21.0
2015
1,130
701
818
21.5
2016
1,128
699
803
19.9
2017
1,136
679
789
21.2
2018
1,162
700
811
23.3
2019
1,267
745
865
24.2
2020
1,479
875
965
19.2
2021
1,685
1,046
1,082
27.7
2022
1,879
1,188
1,191
35.9
2023
2,082
1,325
1,301
40.7
9M 2024
2,292
1,453
1,423
34.3
The number of bank branches in Saudi Arabia reached 1,910 by the end of the first nine months of 2024, from 1,901 a year earlier.
Twenty-seven new branches opened during the current period, and 18 closed down, according to the latest bulletin issued by the Saudi Central Bank (SAMA).
The table below shows the changes in the number of bank branches in Saudi Arabia since 2006:
Bank Branches
Period
Number of Branches
Change (YoY)
2006
1,289
+56
2007
1,353
+76
2008
1,410
+57
2009
1,519
+109
2010
1,591
+72
2011
1,630
+39
2012
1,677
+47
2013
1,749
+72
2014
1,909
+160
2015
1,976
+67
2016
2,029
+53
2017
2,069
+40
2018
2,064
(5)
2019
2,076
+12
2020
2,014
(62)
2021
1,945
(69)
2022
1,927
(18)
2023
1,901
(26)
9M 2024
1,910
+9
The nine-month period witnessed the closure of several branches and the opening of new ones, as shown in the following table:
Banks Branches Opened/Closed in 9M 2024
Bank
Branches
Opened
Closed
SNB
482
+13
(1)
Alinma Bank
113
+5
—
Emirates NBD
19
+4
—
Al Rajhi Bank
512
+4
(1)
SAB
93
—
(1)
Bank Albilad
107
—
(1)
Bank AlJazira
74
—
(1)
Riyad Bank
231
+1
(7)
ANB
121
—
(6)
Total
+27
(18)
As many as 10 Tadawul-listed banks operate in the Kingdom. This is in addition to 18 foreign banks, including Emirates NBD (18 branches) and Gulf International Bank, National Bank of Kuwait, and First Abu Dhabi Bank with three branches each.
Industrial and Commercial Bank of China and Qatar National Bank (QNB) each has two branches in Saudi Arabia.
Foreign banks with one branch in the Kingdom include Shohar International Bank, National Bank of Iraq, Standard Chartered, Credit Suisse, MUFG Bank, Ziraat Bank Turkey, National Bank of Pakistan, JPMorgan Chase, National Bank of Bahrain, Bank Muscat, Deutsche Bank and BNP Paribas.
The number of Saudi-based bank branches decreased to 1,866 by the end of the first nine months of 2024.Al Rajhi Bankled with 512 branches, followed by Saudi National Bank (SNB) (482), Riyad Bank (231), and Arab National Bank (ANB) (121),as follows:
Branches of Saudi Banks in9M 2024
Bank
2023
9M 2024
Change (Branch)
Al RajhiBank
509
512
+3
SNB
470
482
+12
RiyadBank
237
231
(6)
ANB
127
121
(6)
AlinmaBank
108
113
+5
Bank Albilad
108
107
(1)
SAB
94
93
(1)
BSF
82
82
—
BankAlJazira
75
74
(1)
SAIB
51
51
—
Total
1,861
1,866
+5
Geographically, Riyadh had the highest number of bank branches at 586. Makkah and Eastern Province followed with 378 and 357 branches, respectively,as indicated below:
Bank Branches by Region in 9M 2024
Region
Number of Branches
Riyadh
586
Makkah
378
Eastern Province
357
Aseer
123
Qassim
119
Madinah
103
Jazan
54
Tabuk
47
Hail
44
Al Jouf
28
Al Baha
26
Najran
26
Northern Borders
19
Total
1,910
Average assets per branch rose to SAR 2.29 billion by the end of 9M 2024, from SAR 2.08 billion by the end of 2023.
Average loans increased to SAR 1.45 billion per branch, with average deposits rising to SAR 1.42 billion per branch,as the following table shows:
Average Assets, Deposits, Loans Profit per Branch (SAR mln)
Period
Average Assets
Average Loans
Average Deposits
Average Profit
2006
668
369
458
26.9
2007
795
427
530
22.4
2008
924
521
600
21.2
2009
902
483
619
17.7
2010
890
488
619
16.4
2011
962
530
687
18.9
2012
1,049
601
760
19.9
2013
1,099
648
811
20.3
2014
1,133
666
832
21.0
2015
1,130
701
818
21.5
2016
1,128
699
803
19.9
2017
1,136
679
789
21.2
2018
1,162
700
811
23.3
2019
1,267
745
865
24.2
2020
1,479
875
965
19.2
2021
1,685
1,046
1,082
27.7
2022
1,879
1,188
1,191
35.9
2023
2,082
1,325
1,301
40.7
9M 2024
2,292
1,453
1,423
34.3
