Saudi bank loans to public, private sectors rise 16% to SAR 1.806 trln in October 2020

02/12/2020 Argaam Special


Saudi bank loans granted to the public and private sectors increased 16% by the end of October 2020 to SAR 1.806 trillion, from SAR 1.562 trillion a year earlier, according to data issued by the Saudi Central Bank (SAMA).

Private sector lending also rose 15% year-on-year (YoY) to SAR 1.736 trillion for the same month from SAR 1.507 trillion a year earlier.

Meanwhile, the value of loans given to the non-financial governmental institutions levelled up 28% YoY to SAR 70.4 billion by the end of October.

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

1672

+13%

July

1485

1685

+13%

August

1487

1700

+14%

September

1499

1724

+15%

October

1507

1736

+15%

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

62.3

+12%

July

60.2

65.2

+8%

August

57.2

76.6

+34%

September

55.9

65.9

+18%

October

55.1

70.4

+28%

November

57.8

--

--

December

61.6

--

--


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