Saudi central bank assets fell SAR 10 bln in November

25/12/2014 Argaam

Saudi Arabia’s central bank assets fell to SAR 2822 billion in November, a SAR 10 billion decline compared to the previous month.
 

The bank’s November 2014 assets, however, rose SAR 91 billion compared to the same month last year, according to the bank’s monthly news letter released on Thursday.
 

SAMA's Assets in 2014 (SAR bln)

Change (SAR bln)

Assets (SAR bln)

Month

+42

2781

January 2014

(4)

2777

February 2014

+5

2782

March 2014

+7

2789

April 2014

+14

2803

May 2014

(8)

2795

June 2014

+6

2801

July 2014

+39

2840

August 2014

(16)

2824

September 2014

+8

2832

October 2014

(10)

2822

November 2014

 

The central bank’s investments in foreign securities— which represent more than 70 percent of its assets— rose for the 58th consecutive month to SAR 2045 billion by the end of November 2014, a five percent increase compared to the same month last year.
 

SAMA's Assets for November 2014 (SAR bln)

Change

2014

2013

Period

+10%

217.8

198.0

Foreign currency and gold

+14%

37.5

32.9

Cash on hand

(%9)

491.2

537.5

Deposits at foreign banks

+5%

2045.0

1946.5

Securities and investments abroad

+92%

30.2

15.7

Other assets

+3%

2821.7

2730.6

Total

 

 

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