Saudi mortgage loans rose 2% in 2017

08/04/2018 Argaam Special

Mortgage loans provided to retail and corporate clients by commercial banks in Saudi Arabia rose 2 percent year-on-year (YoY) to SAR 211.5 billion in 2017, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

Loans to retail clients grew by 10 percent YoY to SAR 121.4 billion in 2017, while corporate clients declined 6 percent YoY to SAR 90.1 billion.

Real Estate Loans (SAR bln)

Total

Corporate

Retail

Period

2013

92.93

35.03

57.90

Q1

106.27

42.56

63.71

Q2

106.89

40.66

66.23

Q3

119.75

49.42

70.33

Q4

2014

129.99

53.24

76.75

Q1

142.10

57.74

84.35

Q2

151.45

63.00

88.45

Q3

158.98

64.74

94.24

Q4

2015

165.14

69.58

95.56

Q1

171.18

73.04

98.14

Q2

175.97

75.73

100.24

Q3

186.46

84.26

102.21

Q4

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

211.50

90.06

121.44

Q4

 

Consumer loans edged up 0.03 percent YoY to SAR 318.4 billion last year. They include furniture, car, travel, education and home improvement loans, among others. 

Consumer Loans (SAR bln)*

Total

Others

Auto, furniture, education, healthcare and Tourism

Home improvement

Period

2013

267.77

232.44

15.79

19.53

Q1

277.13

239.97

16.58

20.59

Q2

277.01

239.17

16.77

21.07

Q3

277.64

238.23

18.11

21.30

Q4

2014

283.14

242.40

19.03

21.71

Q1

292.39

249.79

19.99

22.61

Q2

292.72

250.19

20.15

22.38

Q3

298.01

245.40

27.01

25.60

Q4

2015

298.01

255.77

16.60

25.64

Q1

300.62

258.40

16.91

25.32

Q2

300.70

249.84

15.23

35.63

Q3

307.19

254.79

15.38

37.02

Q4

2016

318.14

265.09

16.44

36.62

Q1

320.97

269.77

17.50

33.70

Q2

321.40

274.55

17.03

29.81

Q3

318.27

273.50

15.69

29.08

Q4

2017

316.31

274.09

14.73

27.49

Q1

315.10

274.46

14.43

26.22

Q2

313.56

263.60

20.70

29.26

Q3

318.35

256.21

32.12

30.03

Q4

* Excluding real estate financing, financial lease and funding granted for stocks trading

Credit card loans rose 10 percent YoY to SAR 12.09 billion in the same period.

Credit Card Loans (SAR bln)

Total

Period

2013

7.83

Q1

8.34

Q2

8.60

Q3

8.51

Q4

2014

8.36

Q1

8.93

Q2

9.24

Q3

9.67

Q4

2015

9.56

Q1

9.61

Q2

10.38

Q3

10.21

Q4

2016

10.33

Q1

10.34

Q2

11.41

Q3

10.96

Q4

2017

10.43

Q1

10.65

Q2

11.56

Q3

12.09

Q4


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