*Talal Al-Sayah from Riyadh
The amount of money demanded by individuals from banks exceeded the funds requested by banks from them at about 1.84 times, almost twice as much.
According to the analysis of the report's unit in the newspaper "AlEqtisadiah" and based on the financial statements of Saudi banks, the value of individuals' liabilities at banks at the end of the third quarter was about 1.101 trillion riyals, compared to 598.09 billion riyals for the value of funds requested by banks, mostly in the form of loans.
The assets of individuals at banks include deposits, sukuk and bonds.
Bank liabilities to individuals include loans, investments, cash and other assets.
Individual liabilities account for about 58 percent of the total liabilities of banks amounting to about SR 1893 billion (SR 1.893 trillion), as it is divided into several sectors, individuals, and companies.
Banks use the surplus in individual funds (the difference between their assets and liabilities) to lend to companies and other sectors.
As for companies, the value of liabilities demanded by banks of about 878.47 billion riyals, while the liabilities of companies to banks amounted to 530.09 billion riyals, meaning that companies suffer a deficit of 348 billion riyals.
The same is true for the treasury sector, as the value of banks' liabilities to the sector is about 715.9 billion riyals, while the value of the liabilities of the sector to banks about 222.94 billion riyals, which means a deficit of 493 billion riyals.
The latter sector, which has been merged into "other" sectors,
The value of bank liabilities on them amounted to about 53.44 billion riyals,
And its liabilities to banks amounted to about 39.06 billion riyals, a deficit of 14 billion riyals.
The profits of banks during the first nine months of this year 2018 about 37.7 billion riyals, compared to 34.35 billion riyals during the same period of the previous year, a registering growth of about 10 percent, equivalent to 3.4 billion riyals.
The private sector contributed about 33.1 per cent of the profits of banks during the first nine months of 2018.
The corporate sector contributed 32.2 per cent of bank profits during the first nine months of 2018.
The Treasury sector is about 30.3 per cent, and the other sectors are 4.4 per cent.
The deposits of customers with banks were amounted at the end of the third quarter about 1.674 trillion riyals.
Demand deposits accounted for 64.6% of SR 1.081 trillion.
Other deposits, including time, savings and other deposits were amounted to SR 525.07 billion.
Deposits in the banks' budget fall under the liabilities section, as deposits account for 88.4 per cent of total liabilities at the end of the third quarter.
* Economic Reports Unit
