Loans to gov't entities, private sector up at SAR 2.84T in June

12/08/2024 Argaam Special

السعودية: ارتفاع قروض البنوك للمؤسسات الحكومية والقطاع الخاص إلى 2847 مليار ريال في يونيو 2024

Saudi Arabian banknotes


Saudi bank loans granted to non-financial government institutions and the private sector rose 12% to SAR 2.84 trillion in June 2024, compared to nearly SAR 2.54 trillion in June 2023, according to data issued by the Saudi Central Bank (SAMA).

 

Private sector lending also increased 11% year-on-year (YoY) to SAR 2.69 trillion in the same month.

 

Meanwhile, loans granted to non-financial government institutions jumped 19% YoY to about SAR 156.8 billion by the end of June.

 

Bank Loans to Private Sector (SAR bln)

Month

2023

2024

Change

January

2300

2548

+11%

February

2321

2578

+11%

March

2355

2599

+10%

April

2361

2614

+11%

May

2392

2652

+11%

June

2417

2690

+11%

July

2434

--

--

August

2454

--

--

September

2476

--

--

October

2497

--

--

November

2521

--

--

December

2519

--

--

 

Bank Loans to Non-Financial Gov’t Institutions (SAR bln)

Month

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

162.6

+21%

June

131.4

156.8

+19%

July

133.9

--

--

August

140.0

--

--

September

145.1

--

--

October

145.7

--

--

November

146.6

--

--

December

146.7

--

--

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