Saudi bank loans slip 1% in March

06/05/2018 Argaam Special

 

Bank loans issued to Saudi Arabia’s private sector and public non-financial institutions declined 1 percent year-on-year (YoY) to SAR 1.45 trillion in March, according to monthly figures released by the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank.

 

Lending to the private sector slipped 1 percent YoY to SAR 1.407 trillion for the same period. 

 

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

--

--

May

1.422

--

--

June

1.419

--

--

July

1.417

--

--

August

1.422

--

--

September

1.415

--

--

October

14.19

--

--

November

14.15

--

--

December

1.394

--

--

 

Meanwhile, loans to the public non-financial institutions fell 8 percent YoY to SAR 42.2 billion.

 

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

--

--

May

50.1

--

--

June

46.9

--

--

July

50.9

--

--

August

49.2

--

--

September

46.6

--

--

October

47.0

--

--

November

47.8

--

--

December

46.7

--

--

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