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.