Loans granted by Saudi banks to non-financial government entities (NFGEs) and private sector rose 16% to SAR 3.20 trillion by the end of March, compared to roughly SAR 2.75 trillion in the same month a year earlier, according to data issued by the Saudi Central Bank (SAMA).
|
Bank Loans to Private Sector & NFGEs (SAR bln) |
|||
|
Period |
2024 |
2025 |
Change (%) |
|
January |
2705 |
3113 |
+15% |
|
February |
2735 |
3148 |
+ 15% |
|
March |
2757 |
3205 |
+ 16% |
|
April |
2772 |
-- |
-- |
|
May |
2815 |
-- |
-- |
|
June |
2849 |
-- |
-- |
|
July |
2888 |
-- |
-- |
|
August |
2920 |
-- |
-- |
|
September |
2948 |
-- |
-- |
|
October |
2980 |
-- |
-- |
|
November |
3035 |
-- |
-- |
|
December |
3058 |
-- |
-- |
Bank loans to the private sector increased by 15% year-on-year (YoY) to SAR 2.98 trillion for the same month, data showed.
Meanwhile, loans granted to NFGEs jumped 38% YoY to about SAR 217.3 billion by the end of March.
Be the first to comment
Comments Analysis: