Perspective BRICS member Saudi Arabia has hit a new milestone in its banking sector, with the Saudi National Bank reporting a 14-month high in profits. The Central Bank of Saudi Arabia reports that in May, the total earnings of Saudi banks hit a record-breaking 14-month high of $1.96 billion. Cumulatively, from the beginning of the year to the end of May, banks recorded a total profit of SR34.78 billion, according to Arab News.