RIYADH: Saudi Arabia’s banking sector maintained its momentum in June, as aggregate profits before zakat and taxes climbed to SR 9.9 billion ($2.63 billion) — the highest monthly result on record.
Data from the Saudi Central Bank, known as SAMA, shows that profits were approximately 28 percent higher than the same month last year, the fastest annual growth in six months, highlighting the sector’s resilience despite global challenges.
For the first half of 2025, cumulative profits reached SR51 billion, roughly 20 percent higher than the SR42.5 billion during the same period in 2024.
The strong performance builds on a solid first half for the Kingdom’s banking industry, which has benefited from Saudi Arabia’s robust macroeconomic fundamentals and policy reforms.
Supported by steady credit demand from both corporate and retail segments, healthy liquidity levels, and Vision 2030-linked infrastructure and private sector projects, lenders have maintained profitability despite global interest rate uncertainty.
