Saudi Arabian banknotes
Mortgages provided to individuals and corporate clients by commercial banks in Saudi Arabia grew by 13% to around SAR 800.5billion in Q1 2024, from SAR 706 billion in the year ago period.
Individual mortgages, which accounted for 78% of the total, increased by 10% year-on-year (YoY) to nearly SAR 625.2billion in Q1 2024, updated data from the Saudi Central Bank (SAMA) showed.
Meanwhile, mortgages provided to corporate clients reached about SAR 175.2 billion in Q1 2024, rising 26% YoY.
|
Mortgages by Commercial Banks (SAR bln) |
|||
|
Period |
Q1 2023 |
Q1 2024 |
Change |
|
Individuals |
566.9 |
625.2 |
+10% |
|
Corporates |
139.0 |
175.2 |
+26% |
|
Total |
706.0 |
800.5 |
+13% |
The following table illustrates mortgages provided by commercial banks since 2019:
|
Mortgages by Commercial Banks |
|||
|
Period |
Individuals (SAR bln) |
Corporates (SAR bln) |
Total (SAR bln) |
|
Q1 2019 |
150.9 |
97.1 |
248.0 |
|
Q2 2019 |
162.5 |
96.7 |
259.2 |
|
Q3 2019 |
176.7 |
99.2 |
275.9 |
|
Q4 2019 |
198.1 |
99.3 |
297.4 |
|
Q1 2020 |
225.1 |
104.2 |
329.3 |
|
Q2 2020 |
250.3 |
109.6 |
359.9 |
|
Q3 2020 |
279.2 |
112.9 |
392.1 |
|
Q4 2020 |
315.2 |
113.2 |
428.4 |
|
Q1 2021 |
358.0 |
116.5 |
474.5 |
|
Q2 2021 |
384.7 |
118.1 |
502.7 |
|
Q3 2021 |
412.6 |
120.9 |
533.5 |
|
Q4 2021 |
445.8 |
123.1 |
568.9 |
|
Q1 2022 |
476.2 |
129.4 |
605.5 |
|
Q2 2022 |
503.2 |
135.0 |
638.3 |
|
Q3 2022 |
529.6 |
133.1 |
662.7 |
|
Q4 2022 |
549.8 |
138.1 |
687.8 |
|
Q1 2023 |
566.9 |
139.1 |
706.0 |
|
Q2 2023 |
582.4 |
148.9 |
731.3 |
|
Q3 2023 |
591.7 |
155.5 |
747.2 |
|
Q4 2023 |
607.2 |
160.1 |
767.3 |
|
Q1 2024 |
625.2 |
175.2 |
800.5 |
According to SAMA, consumer loans rose by 1% YoY to SAR 450.9 billion during the three-month period.
Consumer loans include renovation and real estate improvement loans, car loans, as well as loans for personal transportation, education, healthcare, tourism, travel, furniture, durable goods, among others.
The following table shows consumer loans since 2019:
|
Consumer Loans* |
||||
|
Period |
Renovation and home improvement (SAR bln) |
Transport, furniture, education, healthcare & tourism |
Others (SAR bln) |
Total (SAR bln) |
|
Q1 2019 |
27.16 |
33.38 |
258.71 |
319.25 |
|
Q2 2019 |
26.15 |
32.70 |
260.03 |
318.88 |
|
Q3 2019 |
25.58 |
32.17 |
264.56 |
322.31 |
|
Q4 2019 |
25.65 |
32.34 |
275.45 |
333.44 |
|
Q1 2020 |
25.70 |
32.81 |
277.14 |
335.65 |
|
Q2 2020 |
25.27 |
32.98 |
277.52 |
335.77 |
|
Q3 2020 |
25.46 |
33.60 |
293.21 |
352.26 |
|
Q4 2020 |
23.87 |
31.77 |
309.61 |
365.25 |
|
Q1 2021 |
23.79 |
33.65 |
322.10 |
379.54 |
|
Q2 2021 |
22.20 |
33.82 |
338.16 |
394.18 |
|
Q3 2021 |
20.34 |
34.22 |
357.11 |
411.67 |
|
Q4 2021 |
19.06 |
32.71 |
376.62 |
428.40 |
|
Q1 2022 |
16.48 |
28.49 |
391.55 |
436.52 |
|
Q2 2022 |
15.23 |
28.26 |
402.27 |
445.75 |
|
Q3 2022 |
14.27 |
27.75 |
406.12 |
448.14 |
|
Q4 2022 |
13.44 |
27.43 |
410.69 |
451.55 |
|
Q1 2023 |
12.59 |
27.24 |
408.13 |
447.95 |
|
Q2 2023 |
11.80 |
26.96 |
405.20 |
443.95 |
|
Q3 2023 |
11.26 |
27.50 |
405.68 |
444.45 |
|
Q4 2023 |
10.79 |
28.09 |
402.95 |
441.83 |
|
Q1 2024 |
10.58 |
29.23 |
411.07 |
450.89 |
*Excluding real estate financing, financing leasing and margin lending.
Credit card loans rose 16% YoY to SAR 27.2billion in the same period, as follows:
|
Credit Card Loans Since 2019 (SAR bln) |
|
|
Period |
Total (SAR bln) |
|
Q1 2019 |
15.63 |
|
Q2 2019 |
16.72 |
|
Q3 2019 |
18.28 |
|
Q4 2019 |
19.05 |
|
Q1 2020 |
20.29 |
|
Q2 2020 |
20.08 |
|
Q3 2020 |
20.56 |
|
Q4 2020 |
18.37 |
|
Q1 2021 |
17.76 |
|
Q2 2021 |
18.20 |
|
Q3 2021 |
19.19 |
|
Q4 2021 |
19.49 |
|
Q1 2022 |
19.60 |
|
Q2 2022 |
20.54 |
|
Q3 2022 |
22.12 |
|
Q4 2022 |
23.07 |
|
Q1 2023 |
23.55 |
|
Q2 2023 |
24.91 |
|
Q3 2023 |
26.49 |
|
Q4 2023 |
27.07 |
|
Q1 2024 |
27.25 |
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