Saudi banks retail, corporate mortgage loans rise 22% in Q2 2019

05/09/2019 Argaam Special

 

Mortgage loans provided to retail and corporate clients by commercial banks in Saudi Arabia saw a 22 percent year-on-year (YoY) increase to SAR 263.7 billion in Q2 2019, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Loans to retail clients climbed 29 percent YoY to SAR 165.9 billion in Q2 2019, while corporate loans grew by 11 percent YoY to SAR 97.8 billion.

 

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

240.23

98.86

141.36

Q4

2019

251.21

98.24

152.96

Q1

263.72

97.85

165.87

Q2

 

Consumer loans rose 1 percent to SAR 322.5 billion in the same period. They include furniture, car, travel, education and home improvement loans, among others.

 

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

323.26

261.21

34.00

28.06

Q4

2019

322.09

261.56

33.38

27.16

Q1

322.51

263.66

32.70

26.15

Q2

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

** Reclassification of some loans.

 

Credit card loans in Q2 2019 increased 19 percent to SAR 16.72 billion.

 

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

15.34

Q4

2019

15.63

Q1

16.72

Q2

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