Saudi Arabian banknotes
Mortgages provided to individuals and corporate clients by commercial banks in Saudi Arabia grew 12% to around SAR 816.8 billion in Q2 2024, from SAR 731.3 billion in the year-ago period.
For more details on real estate mortgages
Retail mortgages, which accounted for 79% of the total, increased 10% year-on-year (YoY) to nearly SAR 641.7 billion in Q2 2024, updated data from the Saudi Central Bank (SAMA) showed.
Meanwhile, mortgages provided to corporate clients reached about SAR 175.1 billion in Q2 2024, rising 18% YoY.
|
Breakdown of Mortgages Provided by Commercial Banks (SAR bln) |
|||
|
Period |
Q2 2023 |
Q2 2024 |
Change |
|
Individuals |
582.3 |
641.7 |
+10% |
|
Corporates |
148.9 |
175.1 |
+18% |
|
Total |
731.3 |
816.8 |
+12% |
The following table illustrates mortgages provided by commercial banks in Saudi Arabia since 2019:
|
Development in Mortgages Provided 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 |
533.4 |
|
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 |
139.0 |
706.0 |
|
Q2 2023 |
582.4 |
148.9 |
731.3 |
|
Q3 2023 |
591.7 |
155.5 |
747.2 |
|
Q4 2023 |
607.2 |
160.0 |
767.3 |
|
Q1 2024 |
625.2 |
175.2 |
800.5 |
|
Q2 2024 |
641.7 |
175.1 |
816.8 |
According to SAMA, consumer loans rose 2% YoY to SAR 452.3 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 development in consumer loans since 2019:
|
Consumer Loans (SAR bln)* |
||||
|
Period |
Renovation & home improvement |
Transport, furniture, education, health & tourism |
Others |
Total |
|
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 |
|
Q2 2024 |
10.11 |
29.28 |
412.93 |
452.32 |
Credit card loans added 21% YoY to SAR 30.04 billion in the second quarter of this year, 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 |
|
Q2 2024 |
30.04 |
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