Saudi banks’ retail, corporate mortgage loans rise 25% in 2019

18/03/2020 Argaam Special

 

Mortgage loans provided to retail and corporate clients by commercial banks in Saudi Arabia saw an increase of 25% year-on-year (YoY) to SAR 297.4 billion in 2019, according to data issued by the Saudi Arabian Monetary Authority (SAMA).

 

Loans to retail clients, representing 67% of the total mortgage loans, rose 41% YoY to SAR 198.1 billion in 2019 from SAR 140.3 billion during 2018. Corporate loans grew by 1% YoY to SAR 99.3 billion.

 

Real Estate Loans (SAR bln)*

Total

Corporate

Retail

Period

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

117.17

Q3

210.99

89.74

121.25

Q4

2018

216.82

92.10

124.72

Q1

215.59

87.31

128.28

Q2

227.35

95.29

132.06

Q3

238.54

98.27

140.28

Q4

2019

248.02

97.12

150.89

Q1

259.18

96.68

162.50

Q2

275.90

99.22

176.68

Q3

297.37

99.27

198.10

Q4

* Updated data from Q3 2017.

 

On the other side, consumer loans advanced 4% YoY during 2019 to reach SAR 333.4 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

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

313.10

263.14

20.69

29.26

Q3

317.66

255.52

32.12

30.03

Q4**

2018

315.35

254.79

31.92

28.65

Q1

316.83

257.48

31.74

27.61

Q2

328.04

269.59

31.70

26.74

Q3

321.29

259.23

34.00

28.06

Q4

2019

319.25

258.71

33.38

27.16

Q1

318.88

260.03

32.70

26.15

Q2

322.31

264.56

32.17

25.58

Q3

333.44

275.45

32.34

25.65

Q4

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

** Updated data from Q3 2017

 

Credit card loans rose by 24% YoY by the end of 2019 to stand at SAR 19.05 billion.

 

Credit Card Loans (SAR bln)

Total

Period

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

19.05

Q4

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