Saudi retail mortgage loans rise 14% in 2018

20/03/2019 Argaam Special

 

Mortgage loans provided to retail clients by commercial banks in Saudi Arabia saw a 14 year-on-year (YoY) increase to SAR 240.2 billion in 2018, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Loans to retail clients climbed 16 percent YoY to SAR 141.4 billion in last year, while corporate loans grew by 10 percent YoY to SAR 98.9 billion.

 

Mortgage Loans (SAR bln)

Total

Corporate

Retail

Period

2013

93.83

35.62

58.20

Q1

107.45

43.43

64.02

Q2

108.82

42.27

66.54

Q3

115.57

44.92

70.65

Q4

2014

124.60

47.53

77.07

Q1

138.77

54.10

84.67

Q2

149.15

60.38

88.77

Q3

155.75

61.19

94.56

Q4

2015

161.73

65.84

95.88

Q1

166.90

68.45

98.45

Q2

171.57

71.02

100.55

Q3

185.30

82.80

102.50

Q4

2016

188.53

82.24

106.29

Q1

187.05

78.63

108.42

Q2

197.59

88.10

109.48

Q3

200.40

89.92

110.48

Q4

2017

204.66

93.05

111.60

Q1*

211.87

96.85

115.02

Q2

213.09

95.39

117.70

Q3

211.50

90.06

121.44

Q4

2018

217.27

91.69

125.58

Q1

216.81

88.27

128.54

Q2

228.60

95.97

132.63

Q3

240.23

98.86

141.36

Q4

Consumer loans rose 2 percent to SAR 323.6 billion in the same period. They include furniture, car, travel, education and home improvement loans, among others. 

 

Consumer Loans (SAR bln)*

Total

Others

Auto, furniture, education, healthcare and Tourism

Home improvement

Period

2013

267.77

232.44

15.79

19.53

Q1

277.13

239.97

16.58

20.59

Q2

277.01

239.17

16.77

21.07

Q3

277.64

238.23

18.11

21.30

Q4

2014

283.14

242.40

19.03

21.71

Q1

292.39

249.79

19.99

22.61

Q2

292.72

250.19

20.15

22.38

Q3

298.01

245.40

27.01

25.60

Q4

2015

298.01

255.77

16.60

25.64

Q1

300.62

258.40

16.91

25.32

Q2

300.70

249.84

15.23

35.63

Q3

307.19

254.79

15.38

37.02

Q4

2016

318.14

265.09

16.44

36.62

Q1

320.97

269.77

17.50

33.70

Q2

321.40

274.55

17.03

29.81

Q3

318.27

273.50

15.69

29.08

Q4

2017

316.31

274.09

14.73

27.49

Q1

315.10

274.46

14.43

26.22

Q2

313.56

263.60

20.70

29.26

Q3

318.35

256.21

32.12

30.03

Q4**

2018

316.27

255.71

31.92

28.65

Q1

318.32

258.97

31.74

27.61

Q2

329.50

271.06

31.70

26.74

Q3

323.64

261.59

34.00

28.06

Q4

 * Excluding real estate financing, financial lease and funding granted for stocks trading.

** Some loans have been reclassified as other items starting from Q4 2017

 

Credit card loans in 2018 increased 27 percent to SAR 15.34 billion.

 

Credit Card Loans (SAR bln)

Total

Period

2013

7.83

Q1

8.34

Q2

8.60

Q3

8.51

Q4

2014

8.36

Q1

8.93

Q2

9.24

Q3

9.67

Q4

2015

9.56

Q1

9.61

Q2

10.38

Q3

10.21

Q4

2016

10.33

Q1

10.34

Q2

11.41

Q3

10.96

Q4

2017

10.43

Q1

10.65

Q2

11.56

Q3

12.09

Q4

2018

12.71

Q1

14.02

Q2

14.95

Q3

15.34

Q4

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