Saudi Arabia central bank assets fall SAR 30 bln in December

29/01/2015 Argaam

The Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, saw its assets fall to about SAR 2,792 billion in December, about SAR 30 billion lower than the previous month, the bank said in its monthly report.

 

Compared to the same month a year earlier, however, the central bank’s assets climbed SAR 53 billion in December 2014.

 

SAMA Assets in 2014

Change (SAR bln)

Assets (SAR bln)

Month

+42

2781

Jan

(4)

2777

Feb

+5

2782

March

+7

2789

April

+14

2803

May

(8)

2795

June

+6

2801

July

+39

2840

Aug

(16)

2824

Sep

+8

2832

Oct

(10)

2822

Nov

(30)

2792

Dec

 

The central bank’s investments in foreign securities— more than 70 percent of its total assets— climbed to SAR 1,999 billion by end of December, two percent higher than the same month a year earlier. The bank continued its uptrend for 59 months in a row.

 

Assets -  December 2014 (SAR bln)

Change

2014

2013

Period

+11%

216.1

194.7

Foreign currency and gold

+24%

35.2

28.3

Cash on hand

(7%)

511.0

546.6

Deposits at foreign banks

+2%

1998.6

1952.8

Securities investments abroad

+91%

31.2

16.3

Other assets

+2%

2792.1

2738.7

Total

 

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