Saudi bank loans hit SAR 1.62 trln in January 2020

05/03/2020 Argaam Special

 

Saudi bank loans granted to the public and private sectors increased 8% year-on-year (YoY) by the end of January 2020 to SAR 1.622 trillion compared to SAR 1.496 a year earlier, according to data issued by the Saudi Arabian Monetary Authority (SAMA).

 

Private sector lending also rose 9% YoY to SAR 1.565 trillion for the same month.

 

Loans to Private Sector (SAR trln)

Month

2019

2020

Variation

January

1442

1565

+9%

February

1453

--

--

March

1461

--

--

April

1469

--

--

May

1486

--

--

June

1477

--

--

July

1485

--

--

August

1487

--

--

September

1499

--

--

October

1507

--

--

November

1528

--

--

December

1547

--

--

 

Meanwhile, the value of loans given to the public sector jumped 5% YoY to SAR 57.9 billion by the end of January.

 

Loans to Public Non-Financial Institutions (SAR bln)

Month

2019

2020

Variation

January

54.9

57.9

+5%

February

57.1

--

--

March

56.7

--

--

April

59.9

--

--

May

57.5

--

--

June

55.5

--

--

July

60.2

--

--

August

57.2

--

--

September

55.9

--

--

October

55.1

--

--

November

57.8

--

--

December

61.6

--

--

 

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