# Saudi Arabian banking sector performance > Developing situation record from CLSTR: https://clstr.news/situations/saudi-arabian-banking-sector-performance > Updated: 2026-10-28T08:06:58.000Z. Sources: 2. Developments: 2. In the second quarter of 2026, the ten largest listed banks in Saudi Arabia experienced a period of strengthened liquidity, as deposit growth of 2.7 percent outpaced credit expansion of 1.8 percent. This trend lowered the sector’s loan-to-deposit ratio to 103.1 percent and improved efficiency, with the cost-to-income ratio dropping to 28.6 percent. By the end of the third quarter of 2026, the sector showed continued financial growth. Combined net profits for the first nine months of the year reached 73.58 billion riyals, a 6.84 percent increase compared to the same period in 2025. Third-quarter aggregate profits rose 4.8 percent year-on-year to 24.75 billion riyals. Individual performance varied among major institutions. Al Rajhi Bank led the sector with a third-quarter net profit of 7.1 billion riyals, marking an 11.73 percent increase. Saudi National Bank reported 6.45 billion riyals in third-quarter profits, a slight year-on-year decline of 0.29 percent. Other significant contributors included Riyad Bank and Banque Saudi Fransi, both of which reported profit increases during the third quarter. ## Timeline ### 2026-10-28: Saudi Arabian banking sector profits rise to 73.58 billion riyals Saudi Arabia's top ten listed banks reported 73.58 billion riyals in net profit for the first nine months of 2026, a 6.84% increase from the previous year. 2 sources. https://clstr.news/cluster/saudi-arabian-banking-sector-profits-rise-to-7358-billion-riyals ### 2026-09-28: Saudi banks see deposit growth outpace lending in Q2 2026 Saudi banks are seeing improved liquidity and profitability as deposit growth outpaces lending, driving higher operating income and better cost efficiency in the second quarter of 2026. 2 sources. https://clstr.news/cluster/saudi-banks-see-deposit-growth-outpace-lending-in-q2-2026 --- Cite as: Saudi Arabian banking sector performance. CLSTR, https://clstr.news/situations/saudi-arabian-banking-sector-performance