Saudi retail mortgage loans rise 36% to SAR 533.5 bln in Q3 2021: SAMA

Saudi banknotes

Mortgage loans provided to retail and corporate clients by commercial banks in Saudi Arabia rose 36% year-on-year (YoY) to SAR 533.5 billion in Q3 2021 from SAR 392.1 billion in a year earlier period, according to data issued by the Saudi Central Bank (SAMA).

Loans to retail clients, accounting for 77% of total mortgage loans, jumped 48% to SAR 412.6 billion in the three-month period from SAR 279.2 billion in Q3 2020.

Corporate loans grew by 7% YoY to SAR 120.8 billion in Q3 2021.

The following table illustrates the mortgage loans offered by banks since 2016:

Mortgage Loans (SAR bln)
Total (SAR bln)	Corporate (SAR bln)	Retail (SAR bln)	Period
188.53	82.24	106.29	Q1 2016
187.05	78.63	108.42	Q2 2016
197.59	88.10	109.48	Q3 2016
200.40	89.92	110.48	Q4 2016
204.66	93.05	111.60	Q1 2017
211.87	96.85	115.02	Q2 2017
213.64	96.47	117.17	Q3 2017
210.99	89.74	121.25	Q4 2017
216.82	92.10	124.72	Q1 2018
215.59	87.31	128.28	Q2 2018
227.35	95.29	132.06	Q3 2018
238.54	98.27	140.28	Q4 2018
248.02	97.12	150.89	Q1 2019
259.18	96.68	162.50	Q2 2019
275.90	99.22	176.68	Q3 2019
297.37	99.27	198.10	Q4 2019
329.27	104.18	225.09	Q1 2020
359.90	109.61	250.29	Q2 2020
392.14	112.91	279.23	Q3 2020
428.41	113.21	315.20	Q4 2020
474.52	116.51	358.01	Q1 2021
502.74	118.07	384.67	Q2 2021
533.45	120.85	412.60	Q3 2021

On the other hand, consumer loans grew by 17% YoY during the three-month period to reach SAR 411.7 billion.

They include cars and equipment loans, as well as travel, education, and home improvement loans, among others.

The following table illustrates the consumer loans offered by banks since 2016:

Consumer Loans (SAR bln)*
Total (SAR bln)	Others (SAR bln)	Transportation, Furniture, Education, Healthcare & Tourism (SAR bln)	Home Improvement (SAR bln)	Period
318.14	265.09	16.44	36.61	Q1 2016
320.97	269.77	17.50	33.70	Q2 2016
321.40	274.55	17.03	29.81	Q3 2016
318.27	273.50	15.69	29.08	Q4 2016
316.31	274.09	14.73	27.49	Q1 2017
315.10	274.46	14.43	26.22	Q2 2017
313.10	263.14	20.69	29.26	Q3 2017
317.66	255.52	32.12	30.03	Q4 2017
315.35	254.79	31.92	28.65	Q1 2018
316.83	257.48	31.74	27.61	Q2 2018
328.04	269.59	31.70	26.74	Q3 2018
321.29	259.23	34.00	28.06	Q42 018
319.25	258.71	33.38	27.16	Q1 2019
318.88	260.03	32.70	26.15	Q2 2019
322.31	264.56	32.17	25.58	Q3 2019
333.44	275.45	32.34	25.65	Q4 2019
335.65	277.14	32.81	25.70	Q1 2020
335.77	277.52	32.98	25.27	Q2 2020
352.26	293.21	33.60	25.46	Q3 2020
365.25	309.61	31.77	23.87	Q4 2020
379.54	322.10	33.65	23.79	Q1 2021
394.18	338.16	33.82	22.20	Q2 2021
411.67	357.11	34.22	20.34	Q3 2021

* Excluding mortgage financing, financial leasing and funding granted for stock trading.

Credit card loans fell 7% YoY to stand at SAR 19.2 billion in the third quarter.

Credit Card Loans (SAR bln)
Total	Period
10.33	Q1 2016
10.33	Q2 2016
11.41	Q3 2016
10.96	Q4 2016
10.43	Q1 2017
10.65	Q2 2017
11.56	Q3 2017
12.09	Q4 2017
12.71	Q1 2018
14.02	Q2 2018
14.95	Q3 2018
15.33	Q4 2018
15.63	Q1 2019
16.72	Q2 2019
18.28	Q3 2019
19.05	Q4 2019
20.29	Q1 2020
20.08	Q2 2020
20.56	Q3 2020
18.37	Q4 2020
17.76	Q1 2021
18.20	Q2 2021
19.19	Q3 2021

Details and historical data of banks' key indicators and comparisons

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