Saudi Arabian banknotes
Mortgages provided to individuals and corporate clients by commercial banks in Saudi Arabia grew by 13% to around SAR 747.2 billion in Q3 2023, from SAR 662.7 billion in the year-ago period.
Individual mortgages, which accounted for 79% of the total, increased by 12% year-on-year (YoY) to nearly SAR 591.7 billion in Q3 2023, updated data from the Saudi Central Bank (SAMA) showed.
Meanwhile, mortgages provided to corporate clients reached about SAR 155.5 billion in Q3 2023, rising 17% YoY.
|
Mortgages by Commercial Banks (SAR bln) |
|||
|
Period |
Q3 2022 |
Q3 2023 |
Change |
|
Individuals |
529.6 |
591.7 |
+12% |
|
Corporates |
133.1 |
155.5 |
+17% |
|
Total |
662.7 |
747.2 |
+13% |
The following table illustrates mortgages provided by commercial banks since 2018:
|
Mortgages by Commercial Banks Since 2018 |
|||
|
Period |
Individuals (SAR bln) |
Corporates (SAR bln) |
Total (SAR bln) |
|
Q1 2018 |
124.7 |
92.1 |
216.8 |
|
Q2 2018 |
128.3 |
87.3 |
215.6 |
|
Q3 2018 |
132.1 |
95.3 |
227.4 |
|
Q4 2018 |
140.3 |
98.3 |
238.5 |
|
Q1 2019 |
150.9 |
97.1 |
248.0 |
|
Q2 2019 |
162.5 |
96.7 |
259.2 |
|
Q3 2019 |
176.7 |
99.2 |
275.9 |
|
Q4 2019 |
198.1 |
99.3 |
297.4 |
|
Q1 2020 |
225.1 |
104.2 |
329.3 |
|
Q2 2020 |
250.3 |
109.6 |
359.9 |
|
Q3 2020 |
279.2 |
112.9 |
392.1 |
|
Q4 2020 |
315.2 |
113.2 |
428.4 |
|
Q1 2021 |
358.0 |
116.5 |
474.5 |
|
Q2 2021 |
384.7 |
118.1 |
502.7 |
|
Q3 2021 |
412.6 |
120.9 |
533.5 |
|
Q4 2021 |
445.8 |
123.1 |
568.9 |
|
Q1 2022 |
476.2 |
129.4 |
605.5 |
|
Q2 2022 |
503.2 |
135.0 |
638.3 |
|
Q3 2022 |
529.6 |
133.1 |
662.7 |
|
Q4 2022 |
549.8 |
138.1 |
687.8 |
|
Q1 2023 |
566.9 |
139.1 |
706.0 |
|
Q2 2023 |
582.4 |
148.9 |
731.3 |
|
Q3 2023 |
591.7 |
155.5 |
747.2 |
According to SAMA, consumer loans declined by 1% YoY to SAR 444.4 billion during the three-month period.
Consumer loans include renovation and real estate improvement loans, car loans, as well as loans for personal transportation, education, healthcare, tourism, travel, furniture, durable goods, among others.
The following table shows consumer loans since 2018:
|
Consumer Loans* |
||||
|
Period |
Home renovation (SAR bln) |
Transport, furniture, education, healthcare & tourism |
Others (SAR bln) |
Total (SAR bln) |
|
Q1 2018 |
28.65 |
31.92 |
254.79 |
315.35 |
|
Q2 2018 |
27.61 |
31.74 |
257.47 |
316.83 |
|
Q3 2018 |
26.74 |
31.70 |
269.59 |
328.03 |
|
Q4 2018 |
28.06 |
34.00 |
259.23 |
321.29 |
|
Q1 2019 |
27.16 |
33.38 |
258.71 |
319.25 |
|
Q2 2019 |
26.15 |
32.70 |
260.03 |
318.88 |
|
Q3 2019 |
25.58 |
32.17 |
264.56 |
322.31 |
|
Q4 2019 |
25.65 |
32.34 |
275.45 |
333.44 |
|
Q1 2020 |
25.70 |
32.81 |
277.14 |
335.65 |
|
Q2 2020 |
25.27 |
32.98 |
277.52 |
335.77 |
|
Q3 2020 |
25.46 |
33.60 |
293.21 |
352.26 |
|
Q4 2020 |
23.87 |
31.77 |
309.61 |
365.25 |
|
Q1 2021 |
23.79 |
33.65 |
322.10 |
379.54 |
|
Q2 2021 |
22.20 |
33.82 |
338.16 |
394.18 |
|
Q3 2021 |
20.34 |
34.22 |
357.11 |
411.67 |
|
Q4 2021 |
19.06 |
32.71 |
376.62 |
428.40 |
|
Q1 2022 |
16.48 |
28.49 |
391.55 |
436.52 |
|
Q2 2022 |
15.23 |
28.26 |
402.27 |
445.75 |
|
Q3 2022 |
14.27 |
27.75 |
406.12 |
448.14 |
|
Q4 2022 |
13.44 |
27.43 |
410.69 |
451.55 |
|
Q1 2023 |
12.59 |
27.24 |
408.13 |
447.95 |
|
Q2 2023 |
11.80 |
26.96 |
405.20 |
443.95 |
|
Q3 2023 |
11.26 |
27.50 |
405.68 |
444.45 |
Personal consumer Loans (SAR bln)
Credit card loans rose 20% YoY to SAR 26.5 billion in the same period, as follows:
|
Credit Card Loans Since 2018 (SAR bln) |
|
|
Period |
Total (SAR bln) |
|
Q1 2018 |
12.71 |
|
Q2 2018 |
14.02 |
|
Q3 2018 |
14.95 |
|
Q4 2018 |
15.33 |
|
Q1 2019 |
15.63 |
|
Q2 2019 |
16.72 |
|
Q3 2019 |
18.28 |
|
Q4 2019 |
19.05 |
|
Q1 2020 |
20.29 |
|
Q2 2020 |
20.08 |
|
Q3 2020 |
20.56 |
|
Q4 2020 |
18.37 |
|
Q1 2021 |
17.76 |
|
Q2 2021 |
18.20 |
|
Q3 2021 |
19.19 |
|
Q4 2021 |
19.49 |
|
Q1 2022 |
19.60 |
|
Q2 2022 |
20.54 |
|
Q3 2022 |
22.12 |
|
Q4 2022 |
23.07 |
|
Q1 2023 |
23.55 |
|
Q2 2023 |
24.91 |
|
Q3 2023 |
26.49 |
Credit Card Loans (SAR bln)
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