Saudi bank loans edge down 0.4% in February

04/04/2018 Argaam Special

 

Bank loans issued to Saudi Arabia’s private sector and public, non-financial institutions slipped 0.4 percent year-on-year (YoY) to SAR 1.44 trillion in February, 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 1.40 trillion for the same period.  

 

Loans to Private Sector (SAR trln)

Month

2017

2018

Variation

January

1.409

1.397

(1%)

February

1.410

1.399

(1%)

March

1.415

--

--

April

1.417

--

--

May

1.422

--

--

June

1.419

--

--

July

1.417

--

--

August

1.422

--

--

September

1.415

--

--

October

14.19

--

--

November

14.15

--

--

December

1.394

--

--

 

Meanwhile, loans to public, non-financial institutions rose 10 percent YoY to SAR SAR 45.5 billion.

 

Loans to Public Non-Financial Institutions (SAR bln)

Month

2017

2018

Variation

January

40.8

46.0

+13%

February

41.5

45.5

+10%

March

45.7

--

--

April

48.3

--

--

May

50.1

--

--

June

46.9

--

--

July

50.9

--

--

August

49.2

--

--

September

46.6

--

--

October

47.0

--

--

November

47.8

--

--

December

46.7

--

--

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