The monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for January 2026 showed strong financial performance for the banking sector in the Kingdom, as the combined profits of banks operating in Saudi Arabia (before zakat and taxes) rose to SAR 8.53 billion , thus recording an annual growth of 4.8% compared to profits of SAR 8.14 billion in the same period of 2025.
Asset growth and consolidated balance sheet
In a clear indication of the sector's expanding financial base, data revealed a significant leap in the consolidated balance sheet of banks. The assets of banks operating in the Kingdom recorded a notable increase of nearly 10% during January, reaching a record high of approximately SAR 5.021 trillion . This rapid growth reflects the strength of the financial position of Saudi banks and their ability to keep pace with the Kingdom's economic expansion.
Increase in deposits and cash liquidity
In terms of liquidity, indicators showed high confidence among depositors in the banking system, with total bank deposits rising by nearly 9% to reach SAR 2,972.9 billion by the end of January. This increase in deposits is a key pillar enabling banks to expand their lending and financing operations for development and investment projects.
Financing the private sector and supporting the national economy
In line with the Kingdom's Vision 2030 objectives to empower the private sector, bank loans to this vital sector grew by 9.6% , reaching approximately SAR 3,177.5 billion by the end of January. This increase in the loan portfolio indicates a vibrant economic activity and a pivotal role for banks in financing major projects and small and medium-sized enterprises (SMEs), thus contributing to the diversification of national income sources.
Economic context and strategic importance
These results are particularly significant given the economic transformations underway in the region. The Saudi banking sector is the largest in the Middle East in terms of market capitalization and assets, and these figures underscore the success of the Saudi Central Bank's monetary policies in maintaining financial and monetary stability. Furthermore, the inclusion of profits from listed banks and branches of foreign banks reflects the attractiveness of the Kingdom's investment environment for global financial institutions.
In conclusion, these financial indicators for January 2026 give a positive impression of the course of the fiscal year, and confirm the ability of Saudi banks to achieve sustainable returns while continuing their role as a key partner in comprehensive economic development.
