Saudi real estate loans to individuals up 2% in Q3

02/01/2018 Argaam Special

 

Real estate loans provided to individuals by commercial banks in Saudi Arabia grew by 2 percent quarter-on-quarter (QoQ) to SAR 115.02 billion in Q3 2017, data from the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, showed. 

 

The total real estate loans to corporate clients, however, declined 2 percent to SAR 102.1 billion, when compared to the previous quarter.

 

The total volume of real estate loans given to both retail and corporate clients edged up 0.5 percent QoQ to SAR 219.9 billion for the same period.

 

Real Estate Loans (SAR bln)

Total

Corporate

Retail

Period

2016

193.69

87.40

106.29

Q1

191.82

83.57

108.24

Q2

202.32

92.84

109.48

Q3

206.87

96.29

110.58

Q4

2017

212.55

100.03

112.52

Q1

218.76

103.74

115.02

Q2*

219.85

102.15

117.70

Q3

 *Updated data.

 

Consumer loans--including car, furniture and home improvement loans—slipped 0.3 percent QoQ to SAR 339.1 billion in Q3.

 

Consumer Loans (SAR bln)

Total

Others

Auto

Home improvement

Period

2016

339.44

265.09

37.73

36.62

Q1

343.07

269.77

39.60

33.70

Q2

343.86

274.55

39.49

29.81

Q3

341.83

273.50

39.25

29.08

Q4

2017

338.56

274.09

36.99

27.49

Q1

340.21

274.46

39.53

26.22

Q2

339.14

272.95

39.57

26.63

Q3

Credit card loans rose 9 percent to SAR 11.6 billion in the same period, compared to the previous quarter.

 

Credit Card Loans (SAR bln)

Total

Period

2016

10.33

Q1 2016

10.34

Q2 2016

11.41

Q3 2016

10.96

Q4 2016

2017

10.43

Q1 2017

10.65

Q2 2017

11.56

Q3 2017

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read