‎Loans to private, non-financial govt entities rise to SAR 3.05T in 2024

‎Loans to private, non-financial govt entities rise to SAR 3.05T in 2024 ‎Loans to private, non-financial govt entities rise to SAR 3.05T in 2024

​‎

Saudi Arabian banknotes

Saudi bank loans granted to non-financial government institutions and the private sector rose 15% to SAR 3.05 trillion in 2024, compared to nearly SAR 2.66 trillion in 2023, according to data issued by the Saudi Central Bank (SAMA).

Advertisement

Bank Loans for the 2 Sectors (SAR bln)

Month

2023

2024

Change

January

2,435

2,704

+11%

February

2,459

2,734

+11%

March

2,485

2,757

+11%

April

2,492

2,772

+11%

May

2,527

2,815

+11%

June

2,548

2,849

+12%

July

2,568

2,888

+12%

August

2,594

2,920

+13%

September

2,621

2,948

+12%

October

2,643

2,980

+13%

November

2,668

3,035

+14%

December

2,665

3,058

+15%

Private sector lending also increased by 13% year-on-year (YoY) to SAR2.85trillion for the same year.

Bank Loans to Private Sector (SAR bln)

Month

2023

2024

Change

January

2,300

2,548

+11%

February

2,321

2,578

+11%

March

2,355

2,599

+10%

April

2,361

2,614

+11%

May

2,392

2,652

+11%

June

2,417

2,690

+11%

July

2,434

2,719

+12%

August

2,454

2,747

+12%

September

2,476

2,775

+12%

October

2,497

2,800

+12%

November

2,521

2,842

+13%

December

2,519

2,855

+13%

Loans granted to public non-financial institutions jumped 38% YoY to about SAR 203.1 billion by the end of the year.

Bank Loansto Public Non-Financial Institutions (SAR bln)

Month

2023

2024

Change

January

135.4

156.3

+15%

February

138.2

156.3

+13%

March

130

157.5

+21%

April

130.6

157.7

+21%

May

134.6

162.6

+21%

June

131.4

159

+21%

July

133.9

168.7

+26%

August

140

173.3

+24%

September

145.1

173.4

+20%

October

145.7

179.8

+23%

November

146.6

192.7

+31%

December

146.7

203.1

+38%

 

Saudi Arabian banknotes

Saudi bank loans granted to non-financial government institutions and the private sector rose 15% to SAR 3.05 trillion in 2024, compared to nearly SAR 2.66 trillion in 2023, according to data issued by the Saudi Central Bank (SAMA).

Bank Loans for the 2 Sectors (SAR bln)

Month

2023

2024

Change

January

2,435

2,704

+11%

February

2,459

2,734

+11%

March

2,485

2,757

+11%

April

2,492

2,772

+11%

May

2,527

2,815

+11%

June

2,548

2,849

+12%

July

2,568

2,888

+12%

August

2,594

2,920

+13%

September

2,621

2,948

+12%

October

2,643

2,980

+13%

November

2,668

3,035

+14%

December

2,665

3,058

+15%

Private sector lending also increased by 13% year-on-year (YoY) to SAR2.85trillion for the same year.

Bank Loans to Private Sector (SAR bln)

Month

2023

2024

Change

January

2,300

2,548

+11%

February

2,321

2,578

+11%

March

2,355

2,599

+10%

April

2,361

2,614

+11%

May

2,392

2,652

+11%

June

2,417

2,690

+11%

July

2,434

2,719

+12%

August

2,454

2,747

+12%

September

2,476

2,775

+12%

October

2,497

2,800

+12%

November

2,521

2,842

+13%

December

2,519

2,855

+13%

Loans granted to public non-financial institutions jumped 38% YoY to about SAR 203.1 billion by the end of the year.

Bank Loansto Public Non-Financial Institutions (SAR bln)

Month

2023

2024

Change

January

135.4

156.3

+15%

February

138.2

156.3

+13%

March

130

157.5

+21%

April

130.6

157.7

+21%

May

134.6

162.6

+21%

June

131.4

159

+21%

July

133.9

168.7

+26%

August

140

173.3

+24%

September

145.1

173.4

+20%

October

145.7

179.8

+23%

November

146.6

192.7

+31%

December

146.7

203.1

+38%

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement