The number of bank branches operating in the Kingdom since 2021 decreased by 5%, as the number of banks at the end of the fourth quarter of 2021 was about 1,945 branches, while this number decreased by 105 branches at the end of the second quarter of this year 2023, to become 1,903 branches.
The highest number of bank branches was recorded in 2020 by 2,076, and an increase was observed in the number of bank branches during the years 2017, 2018, 2019 and 2020 above the two thousand level, before it returned to a decline below that in 2021 in conjunction with the economic effects caused by the Corona pandemic.
At that time, the number of bank branches operating in Saudi Arabia reached 1,927 branches by the end of 2022, compared to 1,945 branches by the end of 2021, a decrease of 18 branches.
Riyadh the most
According to a monitoring conducted by Al-Watan, according to data from the Saudi Central Bank (SAMA), the Riyadh region topped the number of bank branches with 577 branches, Makkah Al-Mukarramah came second with 393 branches, while the Eastern Province ranked third with 345 branches, while The northern border region ranked last with 18 branches, after two branches were canceled this year.
The list of banks includes 10 banks listed on the Saudi stock market, in addition to 17 foreign banks with branches in Saudi Arabia, which are Emirates NBD (7 branches), Gulf International Bank, National Bank of Kuwait and First Abu Dhabi Bank (3 branches each), and B French NB Paribas, German Deutsche Bank, Bank Muscat, National Bank of Bahrain, American JPMorgan Chase NI, National Bank of Pakistan, Turkish Ziraat Bankazi Bank, in addition to the Industrial and Commercial Bank of China, Qatar National Bank, Tokyo-Mitsubishi UFJ Bank, and Bank Credit Suisse, Standard Chartered Bank, and the National Bank of Iraq.
Number of bank branches since 2021
The first quarter is 2,008
The second quarter is 1,969
Third quarter 1.961
Fourth quarter 1.945
The first quarter is 1,932
The second quarter is 1,927
Third quarter 1.928
Fourth quarter 1,927
The first quarter is 1,923
The second quarter is 1,903