Saudi retail mortgage loans fall 3% to SAR 11.79 bln in October: SAMA

Saudi Arabian banknotes

Mortgage loans provided to retail clients by banks in Saudi Arabia declined 3% year-on-year (YoY) to SAR 11.79 billion in October, data issued by the Saudi Central Bank (SAMA) showed.

When compared to September, mortgage loans fell by around SAR 465 million in October.

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	12259	(6%)
October	12148	11794	(3%)
November	15266	--	--
December	15412	--	--

*Does not include interest

Villa mortgages came on top, accounting for 78%, or SAR 9.15 billion, of total housing loans provided in October.

Apartments and land plots followed with SAR 2.27 billion and SAR 376 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
September	9422	2343	494
October	9146	2272	376

*Does not include interest

A total of 23,900 contracts were signed between banks and retail clients in the same month, a decline of 6% 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	23109	(16%)
October	25483	23889	(6%)
November	30017	--	--
December	29960	--	--

*Does not include interest

Financing firms provided new mortgages for residential units worth nearly SAR 287 million in October, a drop of 16% 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	347	+2%
October	342	287	(16%)
November	436	--	--
December	441	--	--

*Does not include interest

Details and Historical Data for Banks Essential Ratios

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