Saudi bank loans rose 2% in January

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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