Saudi retail mortgage loans rise 32% to SAR 12.99 bln in August: SAMA

Saudi Arabian banknotes

Mortgage loans provided to retail clients by banks in Saudi Arabia increased 32% year-on-year (YoY) to SAR 12.99 billion in August, data issued by the Saudi Central Bank (SAMA) showed.

When compared to the previous month, mortgage loans rose by around SAR 4.6 million in August.

New Retail Housing Loans (SAR mln)*
Period	2020	2021	Variation
January	9692	16041	+66%
February	10590	13748	+30%
March	10894	16946	+56%
April	7650	13932	+82%
May	7791	8824	+13%
June	13120	7508	(43%)
July	10776	8398	(22%)
August	9866	12994	+32%
September	12993	--	--
October	12148	--	--
November	15266	--	--
December	15412	--	--

*Does not include interest

Villa mortgages topped the list, accounting for 78%, or SAR 10.12 billion, of total housing loans provided in August.

Apartments and land plots followed with SAR 2.36 billion and SAR 510 million, respectively.

New Retail Housing Loans by Product Type (SAR mln)*
Period	Villas	Apartments	Land
January 2021	12644	2417	980
February	11047	2092	610
March	13681	2568	697
April	11220	2361	350
May	7085	1329	410
June	5819	1301	388
July	6572	1481	345
August	10122	2362	510

*Does not include interest

A total of 27,000 contracts were signed between banks and retail clients in the same month, an increase of 24% YoY.

New Retail Housing Loans Contracts by Banks*
Period	2020	2021	Variation
January	23471	32330	+38%
February	24676	26376	+7%
March	23141	31826	+38%
April	17856	25308	+42%
May	15462	17166	+11%
June	26137	17544	(33%)
July	23909	18486	(23%)
August	21755	26974	+24%
September	27390	--	--
October	25483	--	--
November	30017	--	--
December	29960	--	--

*Does not include interest

Financing firms provided new mortgages for residential units worth SAR 336 million in August, a growth of 29% YoY.

Volume of New Retail Housing Loans Contracts by Financing Companies (SAR mln)*
Period	2020	2021	Variation
January	565	391	(31%)
February	459	380	(17%)
March	325	515	+59%
April	90	343	+281%
May	201	254	+26%
June	742	194	(74%)
July	350	189	(46%)
August	261	336	+29%
September	339	--	--
October	342	--	--
November	436	--	--
December	441	--	--

*Does not include interest

Details and Historical Data for Banks Essential Ratios

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