Saudi bank loans edge up in February

30/03/2017 Argaam Special

Bank loans issued to Saudi Arabia’s private sector and non-financial public institutions rose 0.3 percent year-on-year (YoY) to SAR 1.451 trillion in February, the Saudi Arabian Monetary Authority’s (SAMA) monthly data showed.

Lending to the private sector rose 0.4 percent YoY in the same month to SAR 1.410 trillion.

Loans to private sector (SAR trln)

Month

2016

2017

Variance

January

1.384

1.409

+2%

February

1.405

1,410

+0.4%

March

1.417

--

--

April

1.422

--

--

May

1.433

--

--

June

1.439

--

--

July

1.435

--

--

August

1.437

--

--

September

1.435

--

--

October

1.437

--

--

November

1.423

--

--

December

1.406

--

--

 

Meanwhile the non-financial public institutions borrowed around SAR 41.5 billion, a 1 percent YoY increase.

 

Loans to public non-financial institutions (SAR bln)

Month

2016

2017

Variance

January

38.0

40.8

+7%

February

41.2

41.5

+1%

March

40.5

--

--

April

46.5

--

--

May

47.1

--

--

June

47.8

--

--

July

44.8

--

--

August

47.9

--

--

September

47.4

--

--

October

51.3

--

--

November

51.0

--

--

December

49.0

--

--

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