Loans to gov't entities, private sector up at SAR 2.73T in February

08/04/2024 Argaam Special

Loans to gov't entities, private sector up at SAR 2.73T in February

Saudi banknotes


Saudi banks granted SAR 2.73 trillion loans to non-financial government institutions and the private sector, marking a rise of 11% in February 2024, from nearly SAR 2.45 trillion a year earlier, according to data issued by the Saudi Central Bank (SAMA).

 

To view more banks’ data on Argaam Tools

 

Private sector lending also increased by 11% year-on-year (YoY) to SAR 2.57 trillion for the same month. 

 

Meanwhile, loans granted to public non-financial institutions jumped 13% YoY to about SAR 156.3 billion by the end of February.

 

Bank Loans to Private Sector (SAR bln)

Month

2023

2024

Change

January

2300

2548

+11%

February

2321

2578

+11%

March

2355

--

--

April

2361

--

--

May

2392

--

--

June

2417

--

--

July

2434

--

--

August

2454

--

--

September

2476

--

--

October

2497

--

--

November

2521

--

--

December

2519

--

--

 

 

Loans (SAR bln)

 

Source: Argaam Tools

 

Bank Loans to Public Non-Financial Institutions (SAR bln)

Month

2023

2024

Change

January

135.4

156.3

+15%

February

138.2

156.3

+13%

March

130.0

--

--

April

130.6

--

--

May

134.6

--

--

June

131.4

--

--

July

133.9

--

--

August

140.0

--

--

September

145.1

--

--

October

145.7

--

--

November

146.6

--

--

December

146.7

--

--

 
 
Loan Growth (%)

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