Saudi banknotes
Saudi banks granted SAR 2.73 trillion loans to non-financial government institutions and the private sector, marking a rise of 11% in February 2024, from nearly SAR 2.45 trillion a year earlier, according to data issued by the Saudi Central Bank (SAMA).
To view more banks’ data on Argaam Tools
Private sector lending also increased by 11% year-on-year (YoY) to SAR 2.57 trillion for the same month.
Meanwhile, loans granted to public non-financial institutions jumped 13% YoY to about SAR 156.3 billion by the end of February.
Bank Loans to Private Sector (SAR bln) |
|||
Month |
2023 |
2024 |
Change |
January |
2300 |
2548 |
+11% |
February |
2321 |
2578 |
+11% |
March |
2355 |
-- |
-- |
April |
2361 |
-- |
-- |
May |
2392 |
-- |
-- |
June |
2417 |
-- |
-- |
July |
2434 |
-- |
-- |
August |
2454 |
-- |
-- |
September |
2476 |
-- |
-- |
October |
2497 |
-- |
-- |
November |
2521 |
-- |
-- |
December |
2519 |
-- |
-- |
Loans (SAR bln)
Bank Loans to Public Non-Financial Institutions (SAR bln) |
|||
Month |
2023 |
2024 |
Change |
January |
135.4 |
156.3 |
+15% |
February |
138.2 |
156.3 |
+13% |
March |
130.0 |
-- |
-- |
April |
130.6 |
-- |
-- |
May |
134.6 |
-- |
-- |
June |
131.4 |
-- |
-- |
July |
133.9 |
-- |
-- |
August |
140.0 |
-- |
-- |
September |
145.1 |
-- |
-- |
October |
145.7 |
-- |
-- |
November |
146.6 |
-- |
-- |
December |
146.7 |
-- |
-- |
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