Saudi bank loans to public, private sectors grow 11% to SAR 1.71 trln in May 2020

02/07/2020 Argaam Special

 

Saudi bank loans granted to the public and private sectors increased 11% year-on-year (YoY) by the end of May 2020 to SAR 1.71 trillion, from SAR 1.54 trillion a year earlier, according to data issued by the Saudi Arabian Monetary Authority (SAMA).

 

Private sector lending also rose 11% YoY to SAR 1.64 trillion for the same month.

 

Meanwhile, the value of loans given to the non-financial governmental institutions levelled up 6% YoY to SAR 61 billion by the end of May when compared to the same period last year.

 

Loans to Private Sector (SAR bln)

Month

2019

2020

Variation

January

1442

1565

+9%

February

1453

1593

+10%

March

1461

1633

+12%

April

1469

1648

+12%

May

1486

1649

+11%

June

1477

--

--

July

1485

--

--

August

1487

--

--

September

1499

--

--

October

1507

--

--

November

1528

--

--

December

1547

--

--

 

Loans to Public Non-Financial Institutions (SAR bln)

Month

2019

2020

Variation

January

54.9

57.9

+5%

February

57.1

57.2

+0.1%

March

56.7

59.4

+5%

April

59.9

60.4

+1%

May

57.5

61.0

+6%

June

55.5

--

--

July

60.2

--

--

August

57.2

--

--

September

55.9

--

--

October

55.1

--

--

November

57.8

--

--

December

61.6

--

--

 

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