Saudi Arabian banknotes
Mortgages provided to individuals and corporate clients by commercial banks in Saudi Arabia grew by 12% to around SAR 767.3 billion in Q4 2023, from SAR 687.8 billion in the year-ago period.
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Individual mortgages, which accounted for 79% of the total, increased by 10% year-on-year (YoY) to nearly SAR 607.2 billion in Q4 2023, updated data from the Saudi Central Bank (SAMA) showed.
Meanwhile, mortgages provided to corporate clients reached about SAR 160.1 billion in Q4 2023, rising 16% YoY.
|
Mortgages by Commercial Banks (SAR bln) |
|||
|
Period |
Q4 2022 |
Q4 2023 |
Change |
|
Individuals |
549.8 |
607.2 |
+10% |
|
Corporates |
138.1 |
160.1 |
+16% |
|
Total |
687.8 |
767.3 |
+12% |
The following table illustrates mortgages provided by commercial banks since 2019:
|
Mortgages by Commercial Banks Since 2018 |
|||
|
Period |
Individuals (SAR bln) |
Corporates (SAR bln) |
Total (SAR bln) |
|
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 |
|
Q4 2023 |
607.2 |
160.1 |
767.3 |
Total Mortgage Loans (Billion SAR) - Individuals + Corporate
According to SAMA, consumer loans declined by 2% YoY to SAR 441.8 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 2019:
|
Consumer Loans* |
||||
|
Period |
Renovation and home improvement (SAR bln) |
Transport, furniture, education, healthcare & tourism |
Others (SAR bln) |
Total (SAR bln) |
|
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 |
|
Q4 2023 |
10.79 |
28.09 |
402.95 |
441.83 |
*Excluding real estate financing, financing leasing and margin lending
Personal consumer Loans (Billion SAR)
Credit card loans rose 17% YoY to SAR 27.1 billion in the same period, as follows:
|
Credit Card Loans Since 2019 (SAR bln) |
|
|
Period |
Total (SAR bln) |
|
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 |
|
Q4 2023 |
27.07 |
Credit Card Loans (Billion SAR)
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