‎Bank loans to public, pvt sectors exceed SAR 3T for 1st time

‎Bank loans to public, pvt sectors exceed SAR 3T for 1st time ‎Bank loans to public, pvt sectors exceed SAR 3T for 1st time

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Saudi Arabian banknotes

Saudi bank loans granted to non-financial government institutions and the private sector rose 14% by the end of November to SAR 3.03 trillion – exceeding the SAR 3 trillion mark for the first time – compared to SAR 2.66 trillion in the same month a year earlier, according to data issued by the Saudi Central Bank (SAMA).

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Bank Loans to Public, Private Sectors (SAR bln)

Period

2023

2024

Change

January

2435

2704

+11%

February

2459

2734

+11%

March

2485

2757

+11%

April

2492

2772

+11%

May

2527

2815

+11%

June

2548

2849

+12%

July

2568

2888

+12%

August

2594

2920

+13%

September

2621

2948

+12%

October

2643

2980

+13%

November

2668

3035

+14%

December

2666

Bank loans to the private sector increased by 13% year-on-year (YoY) to SAR 2.84 trillion for the same month, the central bank said.

Bank Loans to Private Sector (SAR bln)

Period

2023

2024

Change

January

2300

2548

+11%

February

2321

2578

+11%

March

2355

2599

+10%

April

2361

2614

+11%

May

2392

2652

+11%

June

2417

2690

+11%

July

2434

2719

+12%

August

2454

2747

+12%

September

2476

2775

+12%

October

2497

2800

+12%

November

2521

2842

+13%

December

2519

Meanwhile, loans granted to public non-financial institutions jumped 31% YoY to about SAR 192.7 billion by the end of November.

Bank Loans to Public Non-Financial Institutions (SAR bln)

Period

2023

2024

Change

January

135.4

156.3

+15%

February

138.2

156.3

+13%

March

130.0

157.5

+21%

April

130.6

157.7

+21%

May

134.6

162.6

+21%

June

131.4

159.0

+21%

July

133.9

168.7

+26%

August

140.0

173.3

+24%

September

145.1

173.4

+20%

October

145.7

179.8

+23%

November

146.6

192.7

+31%

December

146.7

 

Saudi Arabian banknotes

Saudi bank loans granted to non-financial government institutions and the private sector rose 14% by the end of November to SAR 3.03 trillion – exceeding the SAR 3 trillion mark for the first time – compared to SAR 2.66 trillion in the same month a year earlier, according to data issued by the Saudi Central Bank (SAMA).

Bank Loans to Public, Private Sectors (SAR bln)

Period

2023

2024

Change

January

2435

2704

+11%

February

2459

2734

+11%

March

2485

2757

+11%

April

2492

2772

+11%

May

2527

2815

+11%

June

2548

2849

+12%

July

2568

2888

+12%

August

2594

2920

+13%

September

2621

2948

+12%

October

2643

2980

+13%

November

2668

3035

+14%

December

2666

Bank loans to the private sector increased by 13% year-on-year (YoY) to SAR 2.84 trillion for the same month, the central bank said.

Bank Loans to Private Sector (SAR bln)

Period

2023

2024

Change

January

2300

2548

+11%

February

2321

2578

+11%

March

2355

2599

+10%

April

2361

2614

+11%

May

2392

2652

+11%

June

2417

2690

+11%

July

2434

2719

+12%

August

2454

2747

+12%

September

2476

2775

+12%

October

2497

2800

+12%

November

2521

2842

+13%

December

2519

Meanwhile, loans granted to public non-financial institutions jumped 31% YoY to about SAR 192.7 billion by the end of November.

Bank Loans to Public Non-Financial Institutions (SAR bln)

Period

2023

2024

Change

January

135.4

156.3

+15%

February

138.2

156.3

+13%

March

130.0

157.5

+21%

April

130.6

157.7

+21%

May

134.6

162.6

+21%

June

131.4

159.0

+21%

July

133.9

168.7

+26%

August

140.0

173.3

+24%

September

145.1

173.4

+20%

October

145.7

179.8

+23%

November

146.6

192.7

+31%

December

146.7

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