2012-02-15 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: Saudi banks, having the second largest asset base in the Arab region after UAE banks with their combined assets standing at SR1.54 trillion at the end of 2011, have earned nearly SR30.9bn in net last year on account of lower provisions for bad debt and growth in lending, Saudi Gazette has reported. The net earnings by the country's 12 commercial banks were around 18% higher than the 2010 income of about SR26.1bn. Credit reached around SR856bn and deposits with the banks stood at nearly SR1.1 trillion by the end of the year. Lenders operating in the kingdom netted their highest profits of SR34.6bn in 2006 before the income slumped to SR30.2bn in 2007. It continued to decline to reach SR29.9bn in 2008 and SR26.8bn in 2009.  

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