Saudi banks’ real estate loans to individuals are up 32 percent in the 2nd quarter

04/09/2014 Argaam Special

 

Real estate loans provided to individuals by Saudi banks grew 32 percent to SAR 84.4 billion in the 2nd quarter of this year compared to the same period last year, a quarterly report by Saudi Arabian Monetary Agency (SAMA) revealed.

Total volume of real estate loans given to individuals and corporations reached SAR 134.5 billion in that period.

 

Saudi bank’s real estate loans

Total

(SAR billion)

Corporations

(SAR billion)

Individuals

(SAR billion)

Period

2012

77.21

31.63

45.58

Q1-2012

80.42

32.68

47.74

Q2-2012

85.11

36.16

48.95

Q3-2012

88.02

34.45

53.58

Q4-2012

2013

92.93

35.03

57.90

Q1-2013

106.27

42.56

63.71

Q2-2013

106.89

40.66

66.23

Q3-2013

113.70

43.37

70.33

Q4-2013

2014

123.38

46.63

76.75

Q1-2014

134.46

50.11

84.35

Q2-2014

 

Consumer loans, including car, furniture and home improvement loans, increased 4 percent to SAR 333.5 billion in the 2nd quarter year-on-year.

 

Consumer loans since 2012

Total

(SAR billion)

Others

(SAR billion)

Cars

(SAR billion)

Furniture and homeimprovement (SAR billion)

period

2012

246.94

163.91

51.65

31.38

Q1-2012

262.83

175.43

54.26

33.14

Q2-2012

276.68

185.76

55.97

34.95

Q3-2012

273.51

182.38

55.42

35.71

Q4-2012

2013

307.40

209.57

59.38

38.45

Q1-2013

321.16

217.86

61.83

41.48

Q2-2013

326.89

220.48

63.31

43.09

Q3-2013

332.04

222.09

65.07

44.89

Q4-2013

2014

333.75

237.55

64.24

31.96

Q1-2014

333.54

274.86

43.13

15.55

Q2-2014

 

Meanwhile, credit card loans increased 23 percent to SAR 9.4 billion in the same period, compared to last year’s 2nd quarter.

 

Credit card loans

Total (SAR billion)

Period

2012

7.67

Q1-2012

7.88

Q2-2012

8.14

Q3-2012

7.98

Q4-2012

2013

7.84

Q1-2013

7.70

Q2-2013

7.97

Q3-2013

8.41

Q4-2013

2014

8.87

Q1-2014

9.44

Q2-2014

 

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