Saudi real estate loans to individuals, corporate clients up 5% in Q3

06/12/2018 Argaam Special

 

Real estate loans provided to individuals and corporate clients by commercial banks in Saudi Arabia grew by 5 percent quarter-on-quarter (QoQ) to around SAR 228.6 billion in Q3 2018, data from the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, showed. 

 

The total real estate loans to individuals rose by 3 percent QoQ to SAR 132.6 billion. 

 

The total real estate loans to corporate clients, also, increased by around 9 percent to SAR 96 billion, when compared to the previous quarter.

 

Real Estate Loans (SAR bln)

Total

Corporate

Retail

Period

2013

93.83

35.62

58.20

Q1

107.45

43.43

64.02

Q2

108.82

42.27

66.54

Q3

115.57

44.92

70.65

Q4

2014

124.60

47.53

77.07

Q1

138.77

54.10

84.67

Q2

149.15

60.38

88.77

Q3

155.75

61.19

94.56

Q4

2015

161.73

65.84

95.88

Q1

166.90

68.45

98.45

Q2

171.57

71.02

100.55

Q3

185.30

82.80

102.50

Q4

2016

188.53

82.24

106.29

Q1

187.05

78.63

108.42

Q2

197.59

88.10

109.48

Q3

200.40

89.92

110.48

Q4

2017

204.66

93.05

111.60

Q1

211.87

96.85

115.02

Q2

213.09

95.39

117.70

Q3

211.50

90.06

121.44

Q4

2018

217.27

91.69

125.58

Q1

216.81

88.27

128.54

Q2

228.60

95.97

132.63

Q3

 

Consumer loans--including car, furniture and home improvement loans—grew 4 percent QoQ to SAR 329.5 billion in Q3.

 

Consumer Loans (SAR bln)*

Total

Others

Auto, furniture, education, healthcare and Tourism

Home improvement

Period

2013

267.77

232.44

15.79

19.53

Q1

277.13

239.97

16.58

20.59

Q2

277.01

239.17

16.77

21.07

Q3

277.64

238.23

18.11

21.30

Q4

2014

283.14

242.40

19.03

21.71

Q1

292.39

249.79

19.99

22.61

Q2

292.72

250.19

20.15

22.38

Q3

298.01

245.40

27.01

25.60

Q4

2015

298.01

255.77

16.60

25.64

Q1

300.62

258.40

16.91

25.32

Q2

300.70

249.84

15.23

35.63

Q3

307.19

254.79

15.38

37.02

Q4

2016

318.14

265.09

16.44

36.62

Q1

320.97

269.77

17.50

33.70

Q2

321.40

274.55

17.03

29.81

Q3

318.27

273.50

15.69

29.08

Q4

2017

316.31

274.09

14.73

27.49

Q1

315.10

274.46

14.43

26.22

Q2

313.56

263.60

20.70

29.26

Q3

318.35

256.21

32.12

30.03

Q4**

2018

316.27

255.71

31.92

28.65

Q1

318.32

258.97

31.74

27.61

Q2

329.50

271.06

31.70

26.74

Q3

*Excluding real estate financing, financial lease and funding granted for stocks trading.

**Reclassification of some loans.

 

Credit card loans rose 7 percent to SAR 14.95 billion in the same period, compared to the previous quarter.

 

Credit Card Loans (SAR bln)

Total

Period

2013

7.83

Q1

8.34

Q2

8.60

Q3

8.51

Q4

2014

8.36

Q1

8.93

Q2

9.24

Q3

9.67

Q4

2015

9.56

Q1

9.61

Q2

10.38

Q3

10.21

Q4

2016

10.33

Q1

10.34

Q2

11.41

Q3

10.96

Q4

2017

10.43

Q1

10.65

Q2

11.56

Q3

12.09

Q4

2018

12.71

Q1

14.02

Q2

14.95

Q3

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