Saudi bank loans fall 1% in December

31/01/2018 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 1.44 trillion in December 2017, according to monthly figures released by the Saudi Arabian Monetary Authority (SAMA).

 

Lending to the private sector edged down 1 percent YoY to SAR 1.39 trillion from a year earlier.

 

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

1.415

(1%)

December

1.405

1.394

(1%)

 

Meanwhile, loans to public, non-financial institutions dropped 5 percent YoY to SAR 46.7 billion in December.  

 

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

47.8

(6%)

December

49.0

46.7

(5%)

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