Saudi bank loans rise 5% in November 2019

06/01/2020 Argaam Special

 

Saudi bank loans granted to the public and private sectors grew by 5% year-on-year (YoY) by the end of November 2019 to around SAR 1.59 trillion, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Private sector lending also rose 5% YoY to SAR 1.53 trillion for the same month.

 

Loans to Private Sector (SAR trln)

Month

2018

2019

Variation

January

1.408

1.442

+2%

February

1.410

1.453

+3%

March

1.417

1.461

+3%

April

1.438

1.469

+2%

May

1.438

1.486

+3%

June

1.437

1.477

+3%

July

1.441

1.485

+3%

August

1.452

1.487

+2%

September

1.452

1.499

+3%

October

1.457

1.507

+3%

November

1.458

1.528

+5%

December

1.445

--

--

 

Meanwhile, the value of loans given to the public sector jumped 7% YoY to SAR 57.8 billion in November.

 

Loans to Public Non-Financial Institutions (SAR bln)

Month

2018

2019

Variation

January

53.1

54.9

+3%

February

52.6

57.1

+9%

March

49.9

56.7

+14%

April

44.1

59.9

+36%

May

52.8

57.5

+9%

June

51.1

55.5

+9%

July

52.0

60.2

+16%

August

53.8

57.2

+6%

September

55.3

55.9

+1%

October

55.2

55.1

(0.2%)

November

54.2

57.8

+7%

December

53.8

--

--

 

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