SAMA: Banks operating in Saudi Arabia earn SR5.4 billion in a month

The Monthly Statistical Bulletin of the Central Bank of Saudi Arabia (SAMA) for January 2022 revealed an increase in the profits of banks operating in Saudi Arabia before zakat and taxes at the end of last month to SR5.406 billion, or 5.7%, compared to their profits in December 2021, which stood at SR5.113 billion, while increased by 5% from their profits In January 2021, which stood at SR5.146 billion.

The profits of banks operating in Saudi Arabia amounted to SR53.9 billion at the end of 2021, or 39.2% of their profits in the previous year, which were SR38.7 billion, to record the highest profits before zakat and taxes in its history.

The consolidated profits include the results of Saudi banks operating in Saudi Arabia excluding foreign branches, in addition to the branches of foreign banks operating in the Kingdom.