Saudi bank loans rise 3% in April 2019

03/06/2019 Argaam Special

 

Saudi bank loans granted to the public and private sectors grew by 3 percent year-on-year (YoY) by the end of April 2019 to SAR 1.510 trillion, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Private sector lending also increased 2 percent YoY to SAR 1.547 trillion for the same month.

 

Loans to Private Sector (SAR trln)

Month

2018

2019

Variation

January

1.397

1.431

+2%

February

1.399

1.442

+3%

March

1.407

1.450

+3%

April

1.428

1.475

+2%

May

1.428

--

--

June

1.427

--

--

July

1.431

--

--

August

1.441

--

--

September

1.442

--

--

October

1.446

--

--

November

1.448

--

--

December

1.435

--

--

 

The value of loans given to the public sector jumped 44 percent YoY to SAR 52.9 billion in April.

 

Loans to Public Non-Financial Institutions (SAR bln)

Month

2018

2019

Variation

January

46.0

48.3

+5%

February

45.5

50.4

+11%

March

42.2

49.7

+18%

April

36.8

52.9

+44%

May

45.6

--

--

June

44.1

--

--

July

45.0

--

--

August

47.4

--

--

September

48.5

--

--

October

48.4

--

--

November

47.5

--

--

December

47.1

--

--

 

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