Retail loans in Saudi Arabia surpass SAR 1 trln for first time: Argaam Tools

Saudi Arabian banknotes

The retail loans offered by commercial banks in Saudi Arabia exceeded SAR 1 trillion for the first time in the Kingdom’s history to reach SAR 1.02 trillion, rising 15% compared to 2021.

Retail loans include mortgage, consumer and credit card loans.

Total Retail Loans (SAR bln): Consumer + Credit Cards + Mortgage

The three types of retail loans accounted for up to 43.6% of total loans by the end of 2022.

Total Retail Loans/ Total Loans (%): Consumer + Credit Cards + Mortgage

Mortgage loans made up nearly SAR 549.8 million, or 54%, of total retail facilities in 2022.

Retail Mortgage Loans (SAR bln)

Consumer loans represented almost SAR 451.6 million, or 44%, of total retail facilities in 2022.

Personal Consumer Loans (SAR bln)

On the other hand, credit card loans made up almost SAR 23.1 million, or 2%, only of total retail facilities last year.

Credit Card Loans (SAR bln)

Personal loans, which cover consumer and credit card loans, comprised about 20.2% of total loans in 2022.

Total Personal Loans/ Total Loans (%)