Saudi bank loans rise 3% in June 2019

01/08/2019 Argaam Special

 

Saudi bank loans granted to the public and private sectors rose 3 percent by the end of June 2019 to around SAR 1.513 trillion compared to SAR 1.47 trillion a year earlier, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Private sector lending also edged up 3 percent year-on-year (YoY) to SAR 1.465 trillion for the same month.

 

Loans to Private Sector (SAR trln)

Month

2018

2019

Variation

January

1,397

1,431

+2%

February

1,399

1,442

+3%

March

1,407

1,450

+3%

April

1,428

1,457

+2%

May

1,428

1,474

+3%

June

1,427

1,465

+3%

July

1,431

--

--

August

1,441

--

--

September

1,442

--

--

October

1,446

--

--

November

1,448

--

--

December

1,435

--

--

 

Meanwhile, the value of loans given to the public sector rose 10 percent YoY to SAR 48.38 billion in June.

 

Loans to Public Non-Financial Institutions (SAR bln)

Month

2018

2019

Variation

January

46.0

48.3

+5%

February

45.5

50.4

+11%

March

42.2

49.7

+18%

April

36.8

52.9

+44%

May

45.6

50.2

+10%

June

44.1

48.4

+10%

July

45.0

--

--

August

47.4

--

--

September

48.5

--

--

October

48.4

--

--

November

47.5

--

--

December

47.1

--

--

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