‎Loans to govt, private entities up at SAR 2.75T

‎Loans to govt, private entities up at SAR 2.75T ‎Loans to govt, private entities up at SAR 2.75T

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Saudi Arabian banknotes

Saudi bank loans granted to non-financial government institutions and the private sector rose 11% to SAR2.75 trillion inMarch 2024, compared to nearlySAR 2.48 trillion in March 2023, according to data issued by the Saudi Central Bank (SAMA).

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Private sector lending also increased 10% year-on-year (YoY) to SAR2.59trillion for the same month.

Meanwhile, loans granted to non-financial government institutions jumped 21% YoY to about SAR 157.5 billion by the end of March.

Bank Loans to Private Sector (SAR bln)

Month

2023

2024

Change

January

2300

2548

+11%

February

2321

2578

+11%

March

2355

2599

+10%

April

2361

May

2392

June

2417

July

2434

August

2454

September

2476

October

2497

November

2521

December

2519

Bank Loansto Non-Financial Gov’t Institutions (SAR bln)

Month

2023

2024

Change

January

135.4

156.3

+15%

February

138.2

156.3

+13%

March

130.0

157.5

+21%

April

130.6

May

134.6

June

131.4

July

133.9

August

140.0

September

145.1

October

145.7

November

146.6

December

146.7

 

Saudi Arabian banknotes

Saudi bank loans granted to non-financial government institutions and the private sector rose 11% to SAR2.75 trillion inMarch 2024, compared to nearlySAR 2.48 trillion in March 2023, according to data issued by the Saudi Central Bank (SAMA).

Private sector lending also increased 10% year-on-year (YoY) to SAR2.59trillion for the same month.

Meanwhile, loans granted to non-financial government institutions jumped 21% YoY to about SAR 157.5 billion by the end of March.

Bank Loans to Private Sector (SAR bln)

Month

2023

2024

Change

January

2300

2548

+11%

February

2321

2578

+11%

March

2355

2599

+10%

April

2361

May

2392

June

2417

July

2434

August

2454

September

2476

October

2497

November

2521

December

2519

Bank Loansto Non-Financial Gov’t Institutions (SAR bln)

Month

2023

2024

Change

January

135.4

156.3

+15%

February

138.2

156.3

+13%

March

130.0

157.5

+21%

April

130.6

May

134.6

June

131.4

July

133.9

August

140.0

September

145.1

October

145.7

November

146.6

December

146.7

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