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Riyad Bank is one of the largest financial institutions in Saudi Arabia and the Middle East, with a strong corporate and retail banking franchise.

Operational Performance

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 easily accessible and expanded network of more than 305 branches with 64 dedicated ladies branches and 19 ladies sections in other branches, as well as 20 self-service electronic branches. A branch in London and Offices in Houston (USA), and Singapore help us supporting the international banking needs of our clients

Our remote banking package (Riyad-Net) 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 Automated Teller Machine exceeded 2545, distributed in strategic & carefully selected locations.

Riyad Bank’s investment banking arm Riyad Capital 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.”

Financial Performance

Riyad Bank achieved SR 2,216 million net income for the six months ended June 30, 2014 compared to SR 1,919 million for the same period last year, an increase of 15.5%. Total operating income reached SR 4,027 million during the six months compared to SR 3,540 million for the same period of the previous year, an increase of 13.8%.

Financial Strength

Total assets as at end of June 2014 reached SR 213,992 million against SR 191,627 million last year an increase of 11.7%. Customer deposits grew by 8.3% to reach SR 160,100 million against SR 147,879 million and Loans and advances, rose by 11.6% and stood at SR 140,774 million against SR 126,190 million last year.  

Standard & Poor’s Rating Agency kept its long-term liability rating for Riyad Bank as ‘A+’ and ‘A-1’ for short-term liability. While, Fitch Ratings Agency has 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 ‘A1+’ for short-term liabilities.

These agencies have affirmed these ratings after confirming a stable outlook for the Bank.