Saudi bank loans granted to non-financial government institutions and the private sector rose 10% to SAR 2.66 trillion in 2023, compared to nearly SAR 2.41 trillion in 2022, according to data issued by the Saudi Central Bank (SAMA).
Private sector lending also increased by 10% year-on-year (YoY) to SAR 2.52 trillion for the same year.
Meanwhile, loans granted to public non-financial institutions jumped 15% YoY to about SAR 146.7 billion by the end of the year.
|
Bank Loans to Private Sector (SAR bln) |
|||
|
Month |
2022 |
2023 |
Change |
|
January |
2055 |
2300 |
+12% |
|
February |
2090 |
2321 |
+11% |
|
March |
2134 |
2355 |
+10% |
|
April |
2153 |
2361 |
+10% |
|
May |
2169 |
2392 |
+10% |
|
June |
2206 |
2417 |
+10% |
|
July |
2213 |
2434 |
+10% |
|
August |
2241 |
2454 |
+10% |
|
September |
2264 |
2476 |
+9% |
|
October |
2282 |
2497 |
+9% |
|
November |
2296 |
2521 |
+10% |
|
December |
2290 |
2519 |
+10% |
|
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 |
146.6 |
+17% |
|
December |
127.9 |
146.7 |
+15% |
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