Saudi bank loans rise 3% in June 2019

01/08/2019 Argaam Special

 

Saudi bank loans granted to the public and private sectors rose 3 percent by the end of June 2019 to around SAR 1.513 trillion compared to SAR 1.47 trillion a year earlier, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Private sector lending also edged up 3 percent year-on-year (YoY) to SAR 1.465 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

1,457

+2%

May

1,428

1,474

+3%

June

1,427

1,465

+3%

July

1,431

--

--

August

1,441

--

--

September

1,442

--

--

October

1,446

--

--

November

1,448

--

--

December

1,435

--

--

 

Meanwhile, the value of loans given to the public sector rose 10 percent YoY to SAR 48.38 billion in June.

 

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

50.2

+10%

June

44.1

48.4

+10%

July

45.0

--

--

August

47.4

--

--

September

48.5

--

--

October

48.4

--

--

November

47.5

--

--

December

47.1

--

--

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read