Saudi bank loans rose 2% in January

05/03/2017 Argaam Special

Bank loans issued to Saudi Arabia’s private sector and public, non-financial institutions rose 2 percent year-on-year (YoY) to SAR 1.45 trillion in January, new figures released by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Lending to the private sector alone rose 2 percent YoY in the same month to SAR 1.4 trillion.

 

Loans to private sector (SAR trln)

Month

2016

2017

Variance

January

1.384

1.409

+2%

February

1.405

--

--

March

1.417

--

--

April

1.422

--

--

May

1.433

--

--

June

1.439

--

--

July

1.435

--

--

August

1.437

--

--

September

1.435

--

--

October

1.437

--

--

November

1.423

--

--

December

1.406

--

--

 

Meanwhile, loans to public, non-financial institutions rose 7 percent YoY to SAR 40.8 billion.

 

Loans to public non-financial institutions (SAR bln)

Month

2016

2017

Variance

January

38.0

40.8

+7%

February

41.2

--

--

March

40.5

--

--

April

46.5

--

--

May

47.1

--

--

June

47.8

--

--

July

44.8

--

--

August

47.9

--

--

September

47.4

--

--

October

51.3

--

--

November

51.0

--

--

December

49.0

--

--

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