24.8 billion riyals of profits of banks operating in the kingdom during the first half

Profits of banks operating in Saudi Arabia in the first six months of this year amounted to about 24.808 billion riyals, compared to 24.060 billion riyals in the same period of 2018, posting a growth rate of 3.1 percent in 749 million riyals.
According to the tracking of the unit of reports in the newspaper "Economic", based on SAMA data, the value of the profits of the banks last June amounted to about 1.45 billion riyals, registering a decline of 54.1%, against 3.158 billion riyals in the same period last year.
June 2019 earnings are the lowest monthly profits for banks operating in Saudi Arabia this year. The capital of banks operating in Saudi Arabia rose to about 198.302 billion riyals at the end of June, while their reserves reached about 160.601 billion riyals. Saudi Arabia has 25 banks, including 11 Saudi banks and 14 foreign banks. It should be noted that the value of individuals' badets deposited with Saudi banks "are liabilities to banks" rose at the end of the first quarter of 2019 to about 1.1 trillion riyals, against 617.06 billion riyals, or bank debts to individuals.
According to a previous "economic" badysis, based on the financial statements of Saudi banks at the end of the first quarter of 2019, the personal sector constituted the majority of deposits in Saudi banks and the most profitable banks , compared to the "business sector", the "Treasury" and "other sectors", Although the less borrowed banks compared to the three sectors.
Personal badets in banks cover twice as much debt and liabilities as 170%, which means that individuals have a surplus of SR 483.96 billion, as a result of the introduction of personal badets and liabilities into the banks.
Banks lend this surplus to other sectors, such as the "corporate", "cash" and "other sectors" sectors, as these sectors are in default when their badets are deposited with banks from their liabilities.
Banks in the retail sector earned higher profits than other sectors, with profits in the retail sector reaching 4712 billion RS.
The "enterprise" sector with the highest value of loans or debts "liabilities" is about 876.16 billion riyals, while the value of the badets in the bank is about 530.09 billion riyals, or a deficit of 346.07 billion riyals.
Followed by the treasury sector, where the value of what banks claim about 729.36 billion riyals, while the badet value of about 222.94 billion riyals, accounts for more than its badets worth 505.42 billion riyals.
As for the other sectors, the value of its debts amounts to about 54.08 billion riyals, while that of its badets with banks amounts to about 39.06 billion riyals, that is to say that the liability is greater than its badets worth 15.02 billion riyals.