Key Market Indicators
The number of bank accounts in Saudi Arabia is set to increase to around 27 billion over the next five years, according to a recent study. Since 2012, the country's demand has grown at an average rate of half a percent each year. In 2021, Saudi Arabia was ranked 12th in the world with 26.5 billion accounts, overtaken by Russia which was number one with 26.55 billion. Japan, the United States and Switzerland were respectively ranked second, third and fourth.
Latest reports
Saudi Arabia Banking Market Report- Q1 2025
In the first quarter of 2025, the Saudi Arabian banking sector continues to evolve rapidly, driven by significant advancements in digital banking, a...
Saudi Arabia Banking Market Report- Q4 2024
The fourth quarter of 2024 has been a transformative period for the banking sector in Saudi Arabia, reflecting broader economic shifts and strategic...
