Total assets in Saudi Arabia 2021, by key commercial bank

In the financial year 2021, the total assets of the National Commercial Bank (NCB) of Saudi Arabia totaled 243.4 billion U.S. dollars. Among all commercial banks of Saudi Arabia, the total assets of Saudi Arabia British Bank (SABB) had decreased from 73.7 billion U.S. dollars in 2020 to 72.5 billion U.S. dollars in 2021.

Commercial banks in Saudi Arabia

Among commercial banks in Saudi Arabia, Al Rajhi led all the banks in the country with around 23.5 percent return on equity. Regarding net profit, Al Rajhi also holds first place among commercial banks in the country, with a profit of more than 3.9 billion U.S. dollars.

Fintech in MENA

Around 40 percent of the population used financial technology solutions in Saudi Arabia in 2020, which reflected the highest number in the Middle East and North Africa region. Around 82 percent of customers in MENA were willing to adopt fintech solutions. Concerns regarding a potential breach of personal data was the primary reason for unwillingness to adopt fintech solutions.