Public, private sector bank loans up 11% in April

05/06/2024 Argaam Special

Public, private sector bank loans up 11% in April

Logo of The Saudi Central Bank (SAMA)


Saudi bank loans granted to public and private sectors rose 11% by the end of April to SAR 2.77 trillion, compared to SAR 2.49 trillion a year earlier, according to data issued by the Saudi Central Bank (SAMA).

 

Private sector lending also increased by 11% year-on-year (YoY) to SAR 2.61 trillion for the same month.

 

Meanwhile, loans granted to public non-financial institutions jumped 21% YoY to about SAR 157.7 billion by the end of April.

 

Bank Loans to Private Sector (SAR bln)

Period

2023

2024

Change

January

2300

2548

+11%

February

2321

2578

+11%

March

2355

2599

+10%

April

2361

2614

+11%

May

2392

--

--

June

2417

--

--

July

2434

--

--

August

2454

--

--

September

2476

--

--

October

2497

--

--

November

2521

--

--

December

2519

--

--

 

Bank Loans to Public Non-Financial Institutions (SAR bln)

Period

2023

2024

Change

January

135.4

156.3

+15%

February

138.2

156.3

+13%

March

130.0

157.5

+21%

April

130.6

157.7

+21%

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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