Saudi banks' Treasury bond investments up SAR 70 bln

01/08/2016 Argaam

Saudi banks' investments in Treasury bonds rose SAR 70 billion during the first half of 2016, figures released by the Saudi Arabian Monetary Agency (SAMA) showed.  

 

Treasury bond investments increased by SAR 3.1 billion month-on-month to SAR 156.6 billion in June, according to data compiled by Argaam.

   

Saudi Arabia is expected to continue selling bonds over the next few months to help shrink the country’s budget deficit.

 

Assets held by SAMA, the country’s central bank, fell SAR 42 billion during June, SAMA said.

 

Saudi Banks’ Investments in Treasury Bonds (SAR bln)

Month

Value

Monthly change

January 2015

52.4

(0.7)

February

54.2

+1.8

March

54.7

+0.5

April

53.2

(1.5)

May

52.6

(0.6)

June

53.7

+1.1

July

52.6

(1.1)

August

65.0

+12.4

September

67.0

+2.0

October

71.5

+4.5

November

80.2

+8.7

December

86.2

+6.0

January 2016

86.7

+0.5

February

98.6

11.9+

March

120.6

22+

April

139.9

19.3+

May

153.5

+13.6

June

156.6

+3.1

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