Economic Research | Country Risk Weekly Bulletin | Country Risk Weekly Bulletin 558 | Tier One capital of top 12 Saudi banks at $95bn | Lebanon | Byblos Bank

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Byblos Bank

Country Risk Weekly Bulletin 558

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Tier One capital of top 12 Saudi banks at $95bn

In its 2018 survey of the Top 1000 commercial banks in the world, The Banker magazine included 12 banks from Saudi Arabia on the list, with eight banks ranked among the top 25 banks in the Middle East. The rankings are based on the banks' Tier One capital at end-2017, as defined by the Basel Bank of International Settlements. The aggregate Tier One capital of Saudi banks totaled $95.1bn at the end of 2017 relative to about $90.1bn a year earlier, and accounted for 28.6% of the Tier One capital of banks in the Middle East. Also, the aggregate assets of the 12 banks reached $593bn at the end of 2017 and accounted for 21% of the aggregate assets of banks in the region. As such, Saudi banks' combined Tier One capital-to-assets ratio was 16% at end-2017, higher than the ratio of 11.7% of banks in the Middle East and the Top 1000 banks' ratio of 6.7%. Also, the cumulative pre-tax profits of the 12 banks reached $12bn in 2017. The ratio of pre-tax profits-to-Tier One capital of Saudi banks reached 12.6% in 2017, compared to the Top 1000 banks' ratio of 13.5%. The 12 banks operating in Saudi Arabia accounted for 1.2% of the Tier One capital of the Top 1000 banks, for 0.48% of their total assets and for 1.1% of their pre-tax profits at end-2017. 
Source: The Banker
 
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