* Talal Al-Sayah from Riyadh
The profits of listed Saudi banks during the first quarter of 2019 were amounted to about 14.10 billion riyals, as the largest share of the individuals and companies' sector is 66.5 per cent, equivalent to 9.4 billion riyals.
According to the analysis of the unit reports in the newspaper "AlEqtisadiah" that was based on data banks in Tadawul, the profits of banks during the first quarter of 2019 grew by 12.7 per cent, equivalent to 1.594 billion riyals, compared to the same period last year 2018.
The private sector contributed about 4.712 billion riyals to the profit of banks, which accounted for about 33.4%, followed by the corporate sector at 4.671 billion riyals, which constitutes 33.1%, and followed by the Treasury sector with SR4.271 billion, constituting 30.3 per cent, of which the other sectors are valued at SR 450 million (3.2%).
Regarding growth, 59.5 per cent of the corporate sector came in as the sector's profits rose by 25.5 per cent to about SR 949 million.
The second sector was the Treasury sector with banks' profit from the sector rising by 9.2% to SR 358 million.
The retail sector came third although it was the highest in the first quarter of 2019 compared with other sectors, but the third in terms of contribution to growth, as the profits of banks from the sector grew by 7.8 percent, equivalent to about 342 million riyals.
The contribution of the retail sector to bank profits fell to 33.4 per cent in the first quarter of 2019 from 34.9 per cent in the first quarter of 2018.
The other sectors, which include international banking, capital markets, cooperative takaful, investment, brokerage and other sectors were ranked in fourth place.
Their names vary according to each bank.
The sector's profits fell by 11 percent to 56 million riyals from 505 million riyals in the first quarter of 2018 to 450 million riyals in the first quarter of 2019.
Its contribution to total bank profits fell to 3.2 per cent in the first quarter of 2019, compared with 4 per cent in the first quarter of 2018.
Corporate sector
Alahli Bank, Riyadh Bank and SABB Bank are the most profitable compared to other banks in the corporate sector, as their profits from the corporate sector were accounted for 16.9 per cent, equivalent to about 45 per cent.
Alahli Bank's profits from the corporate sector were amounted to SR 790 million, representing about 25% of the bank's total profit in the first quarter of 2019, amounting to SR 3.165 billion.
Riyadh Bank posted a profit of 656 million Riyals in the first quarter of 2019, representing 14 per cent of the total profits of banks from the corporate sector during the same period, which was accounting for 39.9 per cent of the bank's total profit in the first quarter of 2019 that amounting to about 1.645 billion riyals.
It is followed by SABB Bank, which made profits from the corporate sector amounting to about 656 million riyals, which constitutes about 14 per cent of the total profits of banks from the corporate sector and about 51 per cent of the bank's total profit of 1.286 billion riyals.
Saudi Fransi made profits from the corporate sector at SR 579 million, which was accounting for 12.4 per cent of total bank profits from the sector, accounting for 51.4 percent of the bank's total profit of 1.126 billion riyals in the first quarter of 2019.
Fifth, Al-Rajhi came by about 541 million riyals that constitute about 11.6 per cent of the total profits of banks from the corporate sector, which was about 18.7 percent of the bank's total profit in the first quarter of 2019 is about 2.885 billion riyals.
In the sixth place, SAMBA Group reached SR 456 million profit from the corporate sector, which constitutes about 9.8% of the total profits of banks from the corporate sector, which is representing 37.7 per cent of the bank's Q1 2019 profit of 1.208 billion riyals.
Arab Bank came in 7th with 317 million riyals, accounting for about 6.8% of the total profits of banks from the corporate sector, which was accounting for 34.4 per cent of the bank's profit in the first quarter of 2019, amounting to about 920 million riyals.
While Alinma Bank came eighth with profits from the corporate sector amounted to about 293 million riyals, which constitutes about 6.3% of the total profits of banks from the sector.
It also accounted for 41.3 per cent of the Bank's total profit in the first quarter of 2019 amounting to about SR 709 million.
The profits of "Saudi Investment" from the corporate sector were about 234 million riyals, which constitute about 5.0 per cent of the total profits of banks from the sector.
It also accounted for about 65 per cent of the Bank's total profit in the first quarter of 2019, amounting to 360 million riyals.
Bank Albilad dissolved tenth profits from the corporate sector that amounted to about 101 million riyals, which constitute about 2.2 per cent of the total profits of banks from the sector and 32.1 per cent of the bank's Q1 2019 profit of 317 million riyals.
The latter that ranked 11th is Alawwal bank with a profit of 35 million riyals achieved by the corporate sector that accounted for about 0.8 per cent of the total profits of banks from the sector in full, representing 16.0% of the bank's Q1 2019 profit of SR 219 million.
Finally, Al-Jazira Bank was in the 12th rank, with profits from the corporate sector that amounted to about 13 million riyals, which constitute about 0.3 per cent of the total profits of banks from the sector and 5.1% of the bank's profit in the first quarter 2019, which amounted to about 263 million riyals.
Individuals sector
Al-Rajhi Bank and Alahli Bank were the most profitable compared to other banks in the retail sector.
Their profits from the private sector were accounted for about 61 per cent, equivalent to about 34.9 per cent of total bank profits from the same sector.
Al-Rajhi Bank's profit from the retail sector reached about 1.647 billion riyals, which constitutes about 57.1 per cent of the bank's total profit in the first quarter of 2019 amounting to about 2.885 billion riyals.
Al-Ahli Bank came in second place with a profit of 1.229 billion Riyals in the first quarter, representing 26.1 per cent of the total profits of banks from the retail sector, which was accounting for about 38.8 percent of the bank's total profit in the first quarter of 2019, amounting to about 3.165 billion riyals.
SABB Bank came 3rd that had a profit of SR 385 million, accounted for 8.2% of total retail profits from the retail sector and 29.9 percent of the bank's total profit of 1.286 billion riyals.
Arab Bank came fourth with a profit of 265 million riyals from the retail sector, which was constituting about 5.6 per cent of the total profits of banks from the sector, accounting for 28.8 percent of the bank's total profit of about 920 million riyals.
Fifthly, SAMBA's solution was SR 231 million, representing about 4.9 per cent of total bank profits from the retail sector, which was accounting for 19.1 per cent of the bank's total profit in the first quarter of 2019, amounting to about 1.208 billion riyals.
Riyadh Bank was the sixth with about 212 million riyals from the retail sector which represents about 4.5 per cent of the total profits of banks from the retail sector, which was accounting for 12.9 percent of the bank's first quarter profit of about 1.645 billion riyals.
Saudi Fransi came in seventh place with 157 million riyals in profits from the sector, which was accounting for about 3.3 per cent of total bank profits and about 13.9 per cent of the bank's Q1 profit of SR1.126 billion.
Alinma Bank made profits from the retail sector at about SR 148 million, which constitutes 3.1% of the total profits of banks from the sector to account for about 20.9 percent of the bank's total profit in the first quarter of about 709 million riyals.
Bank Albilad came ninth as its profits from the private sector were about 135 million riyals, which accounted for about 2.9 per cent of the total profits of banks from the sector.
It also accounted for 42.6 percent of the bank's total profit in the first quarter of about 317 million riyals.
Bank Al-Jazira has made a profit of 131 million riyals, representing 2.8 percent of total bank profits from the sector in the first quarter and 49.6 percent of the bank's profit of 263 million riyals.
In the 11th place, Alawwal Bank came with a profit of 112 million riyals achieved by the private sector that accounted for about 2.4% of the total profits of banks from the whole sector, which was accounting for 51.2 percent of the bank's first-quarter profit of 219 million riyals.
Finally, the Saudi Investment Bank came in 12th place with profits of SR 59 million representing about 1.3% of the total profits of banks from the sector and 16.5 per cent of the bank's first quarter profit of 360 million riyals.
Treasury Sector
Alahli Bank, Riyadh Bank and Al-Rajhi Bank were the most profitable compared to other banks in the treasury sector, as their profits out of total bank profits in the treasury sector were accounted for 54.9%.
Alahli Bank's profits from the treasury sector were amounted to 996 million riyals, representing 31.5 percent of the bank's total profit in the first quarter of about 3.165 billion riyals.
Riyadh Bank posted a profit of about 715 million riyals in the first quarter, accounting for 16.7 per cent of total bank profits from the treasury sector, which was accounting for 43.5 percent of the bank's total first quarter profit of about 1.645 billion riyals.
Thirdly, Al-Rajhi Bank's profit from the treasury sector were amounted to SR 634 million, accounting for 14.8 per cent of total bank profits from the treasury sector and about 22 per cent of the bank's total profit of 2.885 billion riyals.
SAMBA, which came in fourth place, achieved profits from the treasury sector by about SR 413 million, which was accounting for 9.7 per cent of total bank profits from the sector, accounting for 34.2 percent of the bank's total profit of 1.208 billion riyals in the first quarter.
Fifth, Saudi Fransi came with profits of about 358 million riyals, which constitute about 8.4 per cent of the total profits of banks from the treasury sector, representing 31.8 per cent of the bank's total profit in the first quarter of about 1.126 billion riyals.
SABB was the sixth with profits of about 245 million riyals from the treasury sector, accounting for about 5.7 percent of the total profits of banks from the treasury sector, which was accounting for 19.1 percent of the bank's first quarter profit of 1.286 billion riyals.
Arab Bank came seventh that was accounting for about 5.6 per cent of the total profits of banks from the treasury sector, accounting for 25.8 percent of the bank's first-quarter profit of 920 million riyals.
Bank Alinma came 8th with profits from the treasury sector by about 211 million riyals in the first quarter, which constitutes about 4.9 per cent of the total profits of banks from the sector.
It also accounts for 29.8 per cent of the Bank's total profit in the first quarter of SAR 709 million.
Bank Al-Jazira reported a profit of 175 million SR from the Treasury sector, accounting for 4.1 per cent of total bank profits from the sector to ninth.
It also accounted for 66.5% of the bank's total profit of SR 263 million.
The Saudi Investment Bank has made profits from the treasury sector by about SR 156 million, representing about 3.6 percent of total bank profits from the sector in the first quarter and 43.3 percent of the bank's profit of 360 million riyals.
In the 11th place, Alawwal bank came with a profit of 72 million riyals achieved by the treasury sector that accounted for about 1.7% of the total profits of banks from the sector, which was accounting for 32.8 percent of the bank's first-quarter profit of 219 million riyals.
Finally, Bank Al-Bilad has recovered profits from the treasury sector amounting to SR 59 million, accounting for 1.4% of the total profits of banks from the sector and 18.7 per cent of the bank's first-quarter profit at 317 million riyals.
* Economic Reports Unit
