Saudi bank loans rise 2% to SAR 1.50 trln in November

01/01/2019 Argaam Special

 

Saudi bank loans granted to the public and private sectors rose 2 percent by November-end to SAR 1.50 trillion compared to SAR 1.46 trillion a year earlier, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Private sector lending also edged up 2 percent year-on-year (YoY) to SAR 1.447 trillion for the same month.

 

Meanwhile, the value of loans given to the public sector decreased 1 percent YoY to SAR 47.5 billion in November.

 

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

1.407

(1%)

April

1.417

1.428

+1%

May

1.422

1.428

+0.4%

June

1.419

1.427

+1%

July

1.417

1.431

+1%

August

1.422

1.441

+1%

September

1.415

1.442

+2%

October

1.419

1.446

+2%

November

1.415

1.448

+2%

December

1.394

--

--

 

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

42.2

(8%)

April

48.3

36.8

(24%)

May

50.1

45.6

(9%)

June

46.9

44.1

(6%)

July

50.9

45.0

(12%)

August

49.2

47.4

(4%)

September

46.6

48.5

+4%

October

47.0

48.4

+3%

November

47.8

47.5

(1%)

December

46.7

--

--

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