Riyad Bank is one of the largest financial institutions in Saudi Arabia and the Middle East, with a strong corporate and retail banking franchise.
Mobilizing its substantial capital base and with decades of expertise to assume a leading role in all areas of Saudi finance, Riyad Bank is a leading financier and arranger of syndicated loans in the oil, petrochemicals, and most of the Kingdom’s notable infrastructure projects.
We offer our clients an accessible network of more than 251branches with 79 ladies sections and 20 self-service electronic branches. Our remote banking package (RiyadNet) uses the latest electronic technologies to address the banking needs of our customers. The bank has also kept its lead in the ATMs network, as the number of multi-functional ATM's exceeded 2,600 machine distributed in strategic & carefully selected locations.
Offices in London, Houston, and Singapore help us support the international banking needs of our clients. Riyad Capital [Riyad Bank’s investment banking arm] is a leading player in the IPO advisory business and asset management in Saudi Arabia, having won numerous investment awards in categories ranging from “best mutual performance” to “best fund manager.”
Riyad Bank has achieved SR 901 million as net income up to 31 March 2012 as compared to SAR 741 million last year, an increase of %21.6 with total operating income increasing to SR 1,671 million against SR 1,527 million last year an increase of %9.4.
Total assets as at end of March 2012 reached SR 183,393 million against SR 180,720 million last year an increase of 1.5%. Customer deposits reached SR 139,536 million against SR 133,140 and loans and advances, net stood at SR 113,695 million against 109,362 last year.
Standard & Poor’s Rating Agency raised its long-term liability rating for Riyad Bank to ‘A+’ and ‘A-1’for short-term liability. The international Fitch Ratings Agency also maintained the ‘A+’ rating for long-term liabilities and ‘F1’ credit ratings awarded for short-term liabilities.
Additionally, Capital Intelligence Agency has awarded the Bank (AA-) for long-term liabilities and (A+) for short-term liabilities. These agencies have affirmed these ratings after confirming a stable outlook for the Bank.