Riyadh, Saudi Arabia – Saudi bank loans granted to public and private sectors grew 15 percent by the end of August to SAR 2.359 trillion ($630 billion), compared to SAR 2.049 trillion ($550 billion) a year earlier, according to the Saudi Central Bank (SAMA).
Private-sector lending also increased by 15 percent year-on-year (YoY) to SAR 2.241 trillion ($600 billion) for the same month.
Meanwhile, loans granted to public non-financial institutions maximized 26 percent YoY to about SAR 117.1 billion ($31.14 billion) by the end of August.