Saudi banks’ retail, corporate mortgage loans rise 21% in Q3 2019
Mortgage loans provided to retail and corporate clients by commercial banks in Saudi Arabia saw an increase of 21% year-on-year (YoY) to SAR 273.5 billion in Q3 2019, according to data issued by the Saudi Arabian Monetary Authority (SAMA).
Loans to retail clients rose 33% YoY to SAR 174.3 billion in Q3 2019 from SAR 130.8 billion during Q3 2018. Corporate loans grew by 4% YoY to SAR 99.2 billion.
Real Estate Loans (SAR bln)* |
|||
Total |
Corporate |
Retail |
Period |
2013 |
|||
93.83 |
35.62 |
58.20 |
Q1 |
107.45 |
43.43 |
64.02 |
Q2 |
108.82 |
42.27 |
66.54 |
Q3 |
115.57 |
44.92 |
70.65 |
Q4 |
2014 |
|||
124.60 |
47.53 |
77.07 |
Q1 |
138.77 |
54.10 |
84.67 |
Q2 |
149.15 |
60.38 |
88.77 |
Q3 |
155.75 |
61.19 |
94.56 |
Q4 |
2015 |
|||
161.73 |
65.84 |
95.88 |
Q1 |
166.90 |
68.45 |
98.45 |
Q2 |
171.57 |
71.02 |
100.55 |
Q3 |
185.30 |
82.80 |
102.50 |
Q4 |
2016 |
|||
188.53 |
82.24 |
106.29 |
Q1 |
187.05 |
78.63 |
108.42 |
Q2 |
197.59 |
88.10 |
109.48 |
Q3 |
200.40 |
89.92 |
110.48 |
Q4 |
2017 |
|||
204.66 |
93.05 |
111.60 |
Q1 |
211.87 |
96.85 |
115.02 |
Q2 |
213.44 |
96.47 |
116.98 |
Q3 |
210.60 |
89.74 |
120.85 |
Q4 |
2018 |
|||
216.11 |
92.10 |
124.01 |
Q1 |
214.71 |
87.31 |
127.40 |
Q2 |
226.11 |
95.29 |
130.82 |
Q3 |
236.98 |
98.27 |
138.71 |
Q4 |
2019 |
|||
246.14 |
97.12 |
149.01 |
Q1 |
257.05 |
96.68 |
160.36 |
Q2 |
273.51 |
99.22 |
174.30 |
Q3 |
* Updated data.
On the other side, consumer loans inched down 1% YoY during Q3 2019 to reach SAR 324.7 billion. They include cars and equipment loans, as well as travel, education, and home improvement loans, among others.
Consumer Loans (SAR bln)* |
||||
Total** |
Others** |
Auto, furniture, education, healthcare and Tourism |
Home improvement |
Period |
2013 |
||||
267.77 |
232.44 |
15.79 |
19.53 |
Q1 |
277.13 |
239.97 |
16.58 |
20.59 |
Q2 |
277.01 |
239.17 |
16.77 |
21.07 |
Q3 |
277.64 |
238.23 |
18.11 |
21.30 |
Q4 |
2014 |
||||
283.14 |
242.40 |
19.03 |
21.71 |
Q1 |
292.39 |
249.79 |
19.99 |
22.61 |
Q2 |
292.72 |
250.19 |
20.15 |
22.38 |
Q3 |
298.01 |
245.40 |
27.01 |
25.60 |
Q4 |
2015 |
||||
298.01 |
255.77 |
16.60 |
25.64 |
Q1 |
300.62 |
258.40 |
16.91 |
25.32 |
Q2 |
300.70 |
249.84 |
15.23 |
35.63 |
Q3 |
307.19 |
254.79 |
15.38 |
37.02 |
Q4 |
2016 |
||||
318.14 |
265.09 |
16.44 |
36.62 |
Q1 |
320.97 |
269.77 |
17.50 |
33.70 |
Q2 |
321.40 |
274.55 |
17.03 |
29.81 |
Q3 |
318.27 |
273.50 |
15.69 |
29.08 |
Q4 |
2017 |
||||
316.31 |
274.09 |
14.73 |
27.49 |
Q1 |
315.10 |
274.46 |
14.43 |
26.22 |
Q2 |
313.30 |
263.34 |
20.70 |
29.26 |
Q3 |
318.06 |
255.91 |
32.12 |
30.03 |
Q4** |
2018 |
||||
316.06 |
255.50 |
31.92 |
28.65 |
Q1 |
317.70 |
258.35 |
31.74 |
27.61 |
Q2 |
329.28 |
270.84 |
31.70 |
26.74 |
Q3 |
322.86 |
260.80 |
34.00 |
28.06 |
Q4 |
2019 |
||||
321.13 |
260.60 |
33.38 |
27.16 |
Q1 |
321.01 |
262.16 |
32.70 |
26.15 |
Q2 |
324.70 |
266.95 |
32.17 |
25.58 |
Q3 |
* Excluding mortgage financing, financial leasing and funding granted for stocks trading.
** Updated data.
Credit card loans advanced by 22% by the end of Q3 2019 to stand at SAR 18.28 billion.
Credit Card Loans (SAR bln) |
|
Total |
Period |
2013 |
|
7.83 |
Q1 |
8.34 |
Q2 |
8.60 |
Q3 |
8.51 |
Q4 |
2014 |
|
8.36 |
Q1 |
8.93 |
Q2 |
9.24 |
Q3 |
9.67 |
Q4 |
2015 |
|
9.56 |
Q1 |
9.61 |
Q2 |
10.38 |
Q3 |
10.21 |
Q4 |
2016 |
|
10.33 |
Q1 |
10.34 |
Q2 |
11.41 |
Q3 |
10.96 |
Q4 |
2017 |
|
10.43 |
Q1 |
10.65 |
Q2 |
11.56 |
Q3 |
12.09 |
Q4 |
2018 |
|
12.71 |
Q1 |
14.02 |
Q2 |
14.95 |
Q3 |
15.33 |
Q4 |
2019 |
|
15.63 |
Q1 |
16.72 |
Q2 |
18.28 |
Q3 |
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