Consumer loans represent 24% of Saudi’s loan portfolio, says SAMA’s governor

16/09/2018 Argaam

 

Consumer loans account for 24 percent of the banking sector’s loan portfolio, which is considered high, Ahmed Al-Kholifey, governor of Saudi Arabian Monetary Authority (SAMA) said in a press conference today.

 

SAMA encourages mortgage loans and lending small and medium enterprises (SMEs) and the Kingdom’s central bank has taken steps in that regard, he said.

 

Issuing retail sukuk is underway as one of the Financial Transformation Program’s objectives, he added.

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