AI Summary
Real estate loans provided to individuals by Saudi banks grew 32 percent to SAR 84.4 billion in the 2nd quarter of this year compared to the same period last year, a quarterly report by Saudi Arabian Monetary Agency (SAMA) revealed.
Total volume of real estate loans given to individuals and corporations reached SAR 134.5 billion in that period.
|
Saudi bank’s real estate loans |
|||
|
Total (SAR billion) |
Corporations (SAR billion) |
Individuals (SAR billion) |
Period |
|
2012 |
|||
|
77.21 |
31.63 |
45.58 |
Q1-2012 |
|
80.42 |
32.68 |
47.74 |
Q2-2012 |
|
85.11 |
36.16 |
48.95 |
Q3-2012 |
|
88.02 |
34.45 |
53.58 |
Q4-2012 |
|
2013 |
|||
|
92.93 |
35.03 |
57.90 |
Q1-2013 |
|
106.27 |
42.56 |
63.71 |
Q2-2013 |
|
106.89 |
40.66 |
66.23 |
Q3-2013 |
|
113.70 |
43.37 |
70.33 |
Q4-2013 |
|
2014 |
|||
|
123.38 |
46.63 |
76.75 |
Q1-2014 |
|
134.46 |
50.11 |
84.35 |
Q2-2014 |
Consumer loans, including car, furniture and home improvement loans, increased 4 percent to SAR 333.5 billion in the 2nd quarter year-on-year.
|
Consumer loans since 2012 |
||||
|
Total (SAR billion) |
Others (SAR billion) |
Cars (SAR billion) |
Furniture and homeimprovement (SAR billion) |
period |
|
2012 |
||||
|
246.94 |
163.91 |
51.65 |
31.38 |
Q1-2012 |
|
262.83 |
175.43 |
54.26 |
33.14 |
Q2-2012 |
|
276.68 |
185.76 |
55.97 |
34.95 |
Q3-2012 |
|
273.51 |
182.38 |
55.42 |
35.71 |
Q4-2012 |
|
2013 |
||||
|
307.40 |
209.57 |
59.38 |
38.45 |
Q1-2013 |
|
321.16 |
217.86 |
61.83 |
41.48 |
Q2-2013 |
|
326.89 |
220.48 |
63.31 |
43.09 |
Q3-2013 |
|
332.04 |
222.09 |
65.07 |
44.89 |
Q4-2013 |
|
2014 |
||||
|
333.75 |
237.55 |
64.24 |
31.96 |
Q1-2014 |
|
333.54 |
274.86 |
43.13 |
15.55 |
Q2-2014 |
Meanwhile, credit card loans increased 23 percent to SAR 9.4 billion in the same period, compared to last year’s 2nd quarter.
|
Credit card loans |
|
|
Total (SAR billion) |
Period |
|
2012 |
|
|
7.67 |
Q1-2012 |
|
7.88 |
Q2-2012 |
|
8.14 |
Q3-2012 |
|
7.98 |
Q4-2012 |
|
2013 |
|
|
7.84 |
Q1-2013 |
|
7.70 |
Q2-2013 |
|
7.97 |
Q3-2013 |
|
8.41 |
Q4-2013 |
|
2014 |
|
|
8.87 |
Q1-2014 |
|
9.44 |
Q2-2014 |
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