Loans to private, non-financial govt entities rise to SAR 2.6T in October

03/12/2023 Argaam Special

Saudi Arabian banknotes


Saudi bank loans granted to non-financial government institutions and the private sector rose 10% in October to SAR 2.64 trillion, compared to nearly SAR 2.40 trillion in the same month last year, according to data issued by the Saudi Central Bank (SAMA).

Private sector lending also increased by 9% year-on-year (YoY) to SAR 2.49 trillion for the same month. 

Meanwhile, loans granted to public non-financial institutions jumped 20% YoY to about SAR 145.7 billion by the end of October.

Bank Loans to Private Sector (SAR bln)

Month

2022

2023

Change

January

2,055

2,300

+12%

February

2,090

2,321

+11%

March

2,134

2,355

+10%

April

2,153

2,361

+10%

May

2,169

2,392

+10%

June

2,206

2,417

+10%

July

2,213

2,434

+10%

August

2,241

2,454

+10%

September

2,264

2,476

+9%

October

2,282

2,497

+9%

November

2,296

--

--

December

2,290

--

--

 

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

Month

2022

2023

Change

January

94.4

135.4

+43%

February

95.2

138.2

+45%

March

96.2

130.0

+35%

April

96.7

130.6

+35%

May

95.0

134.6

+42%

June

102.1

131.4

+29%

July

111.1

133.9

+21%

August

117.1

140.0

+20%

September

120.2

145.1

+21%

October

121.1

145.7

+20%

November

125.5

--

--

December

127.9

--

--

 

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