Saudi bank loans to public, private sectors rise 15% to $490.9bn in December 2020

Saudi bank loans granted to the public and private sectors increased 15 percent by the end of December 2020 to SR 1.841 trillion ($480.9 billion), compared to SR 1.608 trillion a year earlier, according to data issued by the Saudi Central Bank (SAMA).

Private sector lending also rose 14 percent year-on-year (YoY) to SR 1.763 trillion for the same month.

Meanwhile, loans granted to non-financial public sector’s institutions amounted to about SAR 79.2 billion at the end of December, an increase of 28 percent, compared to the same period in 2019.