Saudi banks’ retail, corporate mortgage loans grow 42% to SAR 392.1 bln in Q3 2020

08/12/2020 Argaam Special


Mortgage loans provided to retail and corporate clients by commercial banks in Saudi Arabia rose 42% year-on-year (YoY) to SAR 392.1 billion in Q3 2020, according to data issued by the Saudi Central Bank (SAMA).

 

Loans to retail clients, accounting for 71% of total mortgage loans, jumped 58% YoY to SAR 279.2 billion in Q3 2020. Corporate loans grew by 14% YoY to SAR 112.9 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

213.64

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

2020

329.27

104.18

225.09

Q1

359.90

109.61

250.29

Q2

392.15

112.91

279.23

Q3

 
 

On the other side, consumer loans inched up nearly 9% YoY during the three-month period to reach SAR 352.3 billion.

 

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

 

Consumer Loans (SAR bln)*

Total

Others

Transportation, Furniture, Education, Healthcare & 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

2020

335.65

277.14

32.81

25.70

Q1

335.77

277.52

32.98

25.27

Q2

352.26

293.21

33.59

25.46

Q3

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

 

 

Credit card loans advanced 12% YoY to stand at SAR 20.56 billion in the third quarter.

 

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

2020

20.29

Q1

20.08

Q2

20.56

Q3

 

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