Banking & Finance, Business, Economy

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

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du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Saudi bank loans to public and private sectors grow 14% by July end

Loans granted to public non-financial institutions increased 26% YoY to $29.57 billion. (WAM)
By TRENDS Desk
August 30, 2022 11:22 pm
  • The total loan granted by Saudi banks amounted to SAR 2.324 trillion ($620bn) by July end.
  • Private-sector lending also increased by 14 percent year-on-year (YoY) to SAR 2.213 trillion ($590bn).

Riyadh, Saudi Arabia – Saudi bank loans granted to public and private sectors grew 14 percent by the end of July to SAR 2.324 trillion ($620bn), compared to SAR 2.034 trillion ($540bn) a year earlier, according to data issued by the Saudi Central Bank (SAMA).

Private-sector lending also increased by 14 percent year-on-year (YoY) to SAR 2.213 trillion($590bn) for the same month.

Meanwhile, loans granted to public non-financial institutions increased 26 percent YoY to about SAR 111.1 billion($29.57bn) by the end of July.

 

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