Saudi bank loans grow 3% in October 2019

03/12/2019 Argaam Special

 

Saudi bank loans granted to the public and private sectors increased by 3% year-on-year (YoY) to SAR 1.51 trillion in October 2019, according to recent data by Saudi Arabian Monetary Authority (SAMA).

 

Loans to private sector levelled up by 3% YoY to SAR 1.50 trillion by the end of October 2019 when compared to the same period the year before.

 

Loans to Private Sector (SAR trln)

Month

2018

2019

Variation

January

1.408

1.442

+2%

February

1.410

1.453

+3%

March

1.417

1.461

+3%

April

1.438

1.469

+2%

May

1.438

1.486

+3%

June

1.437

1.477

+3%

July

1.441

1.485

+3%

August

1.452

1.487

+2%

September

1.452

1.499

+3%

October

1.457

1.507

+3%

November

1.458

--

--

December

1.445

--

--

 

Meanwhile, the value of loans given to the public sector inched down by 0.2% YoY to SAR 55.1 billion in October.

 

Loans to Public Non-Financial Institutions (SAR bln)

Month

2018

2019

Variation

January

53.1

54.9

+5%

February

52.6

57.1

+9%

March

49.9

56.7

+14%

April

44.1

59.9

+36%

May

52.8

57.5

+9%

June

51.1

55.5

+9%

July

52.0

60.2

+16%

August

53.8

57.2

+6%

September

55.3

55.9

+1%

October

55.2

55.1

(0.2%)

November

54.2

--

--

December

53.8

--

--

 

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