Saudi banks’ deposits up 2.7% in Q2 as lending also grows: Alvarez & Marsal

In the second quarter of 2026, the ten largest listed banks in Saudi Arabia experienced a 2.7 percent increase in deposits compared to the previous three-month period. An analysis by Alvarez & Marsal indicates that this growth in deposits outpaced the expansion of lending activities during the same timeframe.

The rise in deposits has contributed to strengthened liquidity across the Saudi banking sector. Furthermore, the analysis reports that the sector maintained stable asset quality while achieving improvements in overall profitability.