Saudi banks’ investments in treasury bonds increased by about SAR 51.6 billion year-on-year (YoY) to SAR 591.9 billion in 2024, data from the Saudi Central Bank (SAMA) showed.
Banks' investments in treasury bonds rose annually for the 12th straight year.
Government bonds made up 74% of banks' total claims on the public and quasi-public sectors in Saudi Arabia during 2024.
These holdings include domestically issued bonds and international sovereign sukuk and bonds bought in the secondary market.
The table below illustrates the development of Saudi banks' investments in treasury bonds:
Saudi Banks’ Investments in Treasury Bonds (SAR bln) |
||
Period |
Value |
Change MoM |
2010 |
61.9 |
(13.8) |
2011 |
47.7 |
(14.2) |
2012 |
42.6 |
(5.1) |
2013 |
49.8 |
+7.1 |
2014 |
53.3 |
+3.5 |
2015 |
86.2 |
+32.9 |
2016 |
178.4 |
+92.3 |
2017 |
254.5 |
+76.1 |
2018 |
305.2 |
+50.6 |
2019 |
383.7 |
+78.5 |
2020 |
438.4 |
+54.7 |
2021 |
480.8 |
+42.4 |
2022 |
510.3 |
+29.5 |
2023 |
540.3 |
+30.0 |
2024 |
591.9 |
+51.6 |
Saudi banks’ investments in treasury bonds were on the rise for most months last year except in June. August topped the gainers with an increase of SAR 8.9 billion.
Saudi Banks’ T-Bonds Investments in 2024 (SAR bln) |
||
Period |
Value |
Change MoM |
January |
542.5 |
+2.1 |
February |
546.9 |
+4.4 |
March |
550.7 |
+3.9 |
April |
552.2 |
+1.5 |
May |
556.9 |
+4.7 |
June |
555.8 |
(1.1) |
July |
561.3 |
+5.5 |
August |
570.2 |
+8.9 |
September |
574.7 |
+4.5 |
October |
580.2 |
+5.5 |
November |
586.6 |
+6.4 |
December |
591.9 |
+5.3 |
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