Saudi bank loans to public, private sectors hit SAR 1.49 trln in August

02/10/2018 Argaam Special

Saudi bank loans granted to public and private sectors rose 1 percent by the end of August to SAR 1.488 trillion, compared to SAR 1.471 trillion a year earlier, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

Private sector lending edged up one percent year-on-year (YoY) to SAR 1.441 trillion for the month.

Meanwhile, the value of loans given to the public sector dropped 4 percent YoY to SAR 47.4 billion in August.

Loans to Private Sector (SAR trln)

Month

2017

2018

Variation

January

1.409

1.397

(1%)

February

1.410

1.399

(1%)

March

1.415

1.407

(1%)

April

1.417

1.428

+1%

May

1.422

1.428

+0.4%

June

1.419

1.427

+1%

July

1.417

1.431

+1%

August

1.422

1.441

+1%

September

1.415

--

--

October

14.19

--

--

November

14.15

--

--

December

1.394

--

--

Loans to Public Non-Financial Institutions (SAR bln)

Month

2017

2018

Variation

January

40.8

46.0

+13%

February

41.5

45.5

+10%

March

45.7

42.2

(8%)

April

48.3

36.8

(24%)

May

50.1

45.6

(9%)

June

46.9

44.1

(6%)

July

50.9

45.0

(12%)

August

49.2

47.4

(4%)

September

46.6

--

--

October

47.0

--

--

November

47.8

--

--

December

46.7

--

--


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