AI Summary
Loans to NFGEs and private businesses reach SAR 3.38 trillion, up from SAR 2.98 trillion a year earlier
Loans granted by Saudi banks to non-financial government entities (NFGEs) and the private sector rose 13% to SAR 3.38 trillion by the end of October, compared to roughly SAR 2.98 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 |
2,705 |
3,113 |
+15% |
|
February |
2,735 |
3,148 |
+15% |
|
March |
2,757 |
3,205 |
+16% |
|
April |
2,772 |
3,231 |
+17% |
|
May |
2,815 |
3,273 |
+16% |
|
June |
2,849 |
3,284 |
+15% |
|
July |
2,888 |
3,321 |
+15% |
|
August |
2,920 |
3,343 |
+14% |
|
September |
2,948 |
3,370 |
+14% |
|
October |
2,980 |
3,382 |
+13% |
|
November |
3,035 |
-- |
-- |
|
December |
3,058 |
-- |
-- |
Bank loans to the private sector increased by 12% year-on-year (YoY) to SAR 3.13 trillion for the same month, data showed.
Meanwhile, loans granted to NFGEs jumped 37% YoY to about SAR 246.9 billion by the end of October.
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