Saudi banks’ treasury bond holdings up SAR 16 bln in April

31/05/2017 Argaam Special

Saudi banks’ investments in Treasury bonds increased by SAR 16.2 billion month-on-month to SAR 194.9 billion in April, according to monthly data from the Saudi Arabian Monetary Authority’s (SAMA).

 

Meanwhile, assets held by SAMA dropped by SAR 15.3 billion in April, hitting a five-year low.

 

The kingdom had issued local and international debt instruments worth SAR 200.1 billion by the end of 2016, according to data compiled by Argaam. The Saudi finance minister recently said he expected the Kingdom to resume issuing local bonds in the current or the next quarter.

 

Saudi banks investment in treasury bonds (SAR bln)

Month

Value

Variation

January 2016

86.7

+0.5

February

98.6

+11.9

March

120.6

+22.0

April

139.9

+19.3

May

153.5

+13.6

June

156.6

+3.1

July

167.3

+10.7

August

169.7

+2.4

September

173.0

+3.3

October

175.7

+2.7

November

177.0

+1.3

December

178.4

+1.4

January 2017

178.3

(0.1)

February

178.9

+ 0.6

March

178.7

(0.2)

April

194.9

+ 16.2

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