Saudi bank loans fall 1% in October

03/12/2017 Argaam Special

 

Bank loans issued to Saudi Arabia’s private sector and public, non-financial institutions slipped 1 percent year-on-year (YoY) to SAR 1.47 trillion in October, according to monthly figures released by the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank.

 

Lending to the private sector edged down 1 percent YoY to SAR 1.19 trillion for the same period.  

 

Loans to Private Sector (SAR trln)

Month

2016

2017

Variation

January

1.384

1.409

+2%

February

1.405

1.410

+0.4%

March

1.417

1.415

(0.1%)

April

1.422

1.417

(0.4%)

May

1.433

1.422

(1%)

June

1.439

1.419

(1%)

July

1.435

1.417

(1%)

August

1.437

1.422

(1%)

September

1.435

1.415

(1%)

October

1.437

1.419

(1%)

November

1.423

--

--

December

1.405

--

--

 

Meanwhile, loans to public, non-financial institutions fell 8 percent YoY to SAR SAR 47.03 billion.

 

Loans to Public Non-Financial Institutions (SAR bln)

Month

2016

2017

Variation

January

38.0

40.8

+7%

February

41.2

41.5

+1%

March

40.5

45.7

+13%

April

46.5

48.3

+4%

May

47.1

50.1

+6%

June

47.8

46.9

(2%)

July

44.8

50.9

+14%

August

47.9

49.2

+3%

September

47.4

46.6

(2%)

October

51.3

47.0

(8%)

November

51.0

--

--

December

49.0

--

--

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