15 Hrs_1777294237270_124456903.png&w=64&q=75)
Source:
الوطن
Banks forgive 21bn riyals
Saudi banks wrote off around SAR 20.995 billion in debt during 2025, an increase of nearly 41.9% from the previous year. Saudi National Bank topped the list with SAR 6.12 billion, followed by Al Rajhi Bank with SAR 5.26 billion. An accounting write-off does not mean the bank has waived its right to claim the debt; it records that recovery is no longer expected after collection procedures have been exhausted. Despite the write-offs, non-performing loans at the 10 largest banks fell to 0.9%, down from 1.1% in 2024, while profits at the largest listed banks reached SAR 92.5 billion.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)