RIYADH: Saudi Arabia’s commercial banks’ claims on the private sector edged up 0.3 percent in July compared to June, according to data published on the Saudi Central Bank’s website on Sunday.
It was the slowest rate recorded in the Kingdom since May 2020 and also reflects a slowdown compared to the monthly growth rate during the period from January to June this year which averaged 1.4 percent, according to data compiled by Arab News.
Saudi commercial banks’ total assets remained virtually unchanged in July from June at SR3.53 trillion.