Saudi banks’ Treasury bond holdings up SAR 19 bln in April

31/05/2016 Argaam Special

Saudi banks’ investments in Treasury bonds increased by SAR 19.3 billion month-on-month to SAR 139.9 billion in April, new figures released by Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, showed.

 

SAMA’s foreign assets declined by SAR 24 million over the same period.

 

Saudi Arabia is expected to continue selling bonds over the next few months to help shrink the country’s budget deficit.

 

Saudi Banks Investments in Treasury Bonds (SAR bln)

Month

Value

Monthly change

January 2015

52.4

(0.7)

February

54.2

+1.8

March

54.7

+0.5

April

53.2

(1.5)

May

52.6

(0.6)

June

53.7

+1.1

July

52.6

(1.1)

August

65.0

+12.4

September

67.0

+2.0

October

71.5

+4.5

November

80.2

+8.7

December

86.2

+6.0

January 2016

86.7

+0.5

February

98.6

11.9+

March

120.6

22+

April

139.9

19.3+

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