Real estate loans provided to individuals by commercial banks in Saudi Arabia grew by 2 percent quarter-on-quarter (QoQ) to SAR 115.02 billion in Q3 2017, data from the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, showed.
The total real estate loans to corporate clients, however, declined 2 percent to SAR 102.1 billion, when compared to the previous quarter.
The total volume of real estate loans given to both retail and corporate clients edged up 0.5 percent QoQ to SAR 219.9 billion for the same period.
|
Real Estate Loans (SAR bln) |
|||
|
Total |
Corporate |
Retail |
Period |
|
2016 |
|||
|
193.69 |
87.40 |
106.29 |
Q1 |
|
191.82 |
83.57 |
108.24 |
Q2 |
|
202.32 |
92.84 |
109.48 |
Q3 |
|
206.87 |
96.29 |
110.58 |
Q4 |
|
2017 |
|||
|
212.55 |
100.03 |
112.52 |
Q1 |
|
218.76 |
103.74 |
115.02 |
Q2* |
|
219.85 |
102.15 |
117.70 |
Q3 |
*Updated data.
Consumer loans--including car, furniture and home improvement loans—slipped 0.3 percent QoQ to SAR 339.1 billion in Q3.
|
Consumer Loans (SAR bln) |
||||
|
Total |
Others |
Auto |
Home improvement |
Period |
|
2016 |
||||
|
339.44 |
265.09 |
37.73 |
36.62 |
Q1 |
|
343.07 |
269.77 |
39.60 |
33.70 |
Q2 |
|
343.86 |
274.55 |
39.49 |
29.81 |
Q3 |
|
341.83 |
273.50 |
39.25 |
29.08 |
Q4 |
|
2017 |
||||
|
338.56 |
274.09 |
36.99 |
27.49 |
Q1 |
|
340.21 |
274.46 |
39.53 |
26.22 |
Q2 |
|
339.14 |
272.95 |
39.57 |
26.63 |
Q3 |
Credit card loans rose 9 percent to SAR 11.6 billion in the same period, compared to the previous quarter.
|
Credit Card Loans (SAR bln) |
|
|
Total |
Period |
|
2016 |
|
|
10.33 |
Q1 2016 |
|
10.34 |
Q2 2016 |
|
11.41 |
Q3 2016 |
|
10.96 |
Q4 2016 |
|
2017 |
|
|
10.43 |
Q1 2017 |
|
10.65 |
Q2 2017 |
|
11.56 |
Q3 2017 |
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