Saudi bank loans hit SAR 1.5 trln in May

10/07/2018 Argaam Special

 

Bank loans issued to Saudi Arabia’s public and private sectors reached SAR 1.474 trillion by the end of May, compared to SAR 1.472 trillion in year-earlier period, new figures from the kingdom’s central bank revealed.

 

Private sector lending rose by 0.5 percent year-on-year (YoY) to SAR 1.428 trillion during the month.

 

Meanwhile, the value of loans issued to the public sector declined by 9 percent YoY to SAR 45.6 billion.

 

Loans to Private Sector (SAR trln)

Month

2017

2018

Variation

January

1.409

1.397

(1%)

February

1.410

1.399

(1%)

March

1.415

1.407

(1%)

April

1.417

1.428

+1%

May

1.422

1.428

+0.5%

June

1.419

--

--

July

1.417

--

--

August

1.422

--

--

September

1.415

--

--

October

14.19

--

--

November

14.15

--

--

December

1.394

--

--

 

Loans to Public Non-Financial Institutions (SAR bln)

Month

2017

2018

Variation

January

40.8

46.0

+13%

February

41.5

45.5

+10%

March

45.7

42.2

(8%)

April

48.3

36.8

(24%)

May

50.1

45.6

(9%)

June

46.9

--

--

July

50.9

--

--

August

49.2

--

--

September

46.6

--

--

October

47.0

--

--

November

47.8

--

--

December

46.7

--

--

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