Banking industry in Saudi Arabia - statistics & facts
The banking sector constitutes financial institutions that accept monetary deposits and who operate in the lending process of the capital market. Today’s banking system is based on the Venetian financial market of the 14th century. The total assets of banks globally amounted to 182.9 trillion U.S. dollars. This has almost tripled in value in comparison to the beginning of the millennium. This is significant, particularly bearing in mind that the financial sector had experienced a major crisis in the interim.
