Saudi bank loans rise 3% in April 2019

03/06/2019 Argaam Special

 

Saudi bank loans granted to the public and private sectors grew by 3 percent year-on-year (YoY) by the end of April 2019 to SAR 1.510 trillion, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Private sector lending also increased 2 percent YoY to SAR 1.547 trillion for the same month.

 

Loans to Private Sector (SAR trln)

Month

2018

2019

Variation

January

1.397

1.431

+2%

February

1.399

1.442

+3%

March

1.407

1.450

+3%

April

1.428

1.475

+2%

May

1.428

--

--

June

1.427

--

--

July

1.431

--

--

August

1.441

--

--

September

1.442

--

--

October

1.446

--

--

November

1.448

--

--

December

1.435

--

--

 

The value of loans given to the public sector jumped 44 percent YoY to SAR 52.9 billion in April.

 

Loans to Public Non-Financial Institutions (SAR bln)

Month

2018

2019

Variation

January

46.0

48.3

+5%

February

45.5

50.4

+11%

March

42.2

49.7

+18%

April

36.8

52.9

+44%

May

45.6

--

--

June

44.1

--

--

July

45.0

--

--

August

47.4

--

--

September

48.5

--

--

October

48.4

--

--

November

47.5

--

--

December

47.1

--

--

 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.