Total bank credit in the Kingdom reached 3.1 trillion riyals by the end of March

Data from the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) showed that total bank credit in the Kingdom rose to 3.1 trillion riyals by the end of March, according to economic activity.

Individual loans accounted for the largest share of total bank credit by economic activity, amounting to 1.39 trillion riyals (44%), while real estate activities recorded 1.3 trillion riyals.

In third place came wholesale and retail trade, with 212 billion riyals, followed by manufacturing industries with 189 billion riyals, and then electricity, gas, and water supplies with 181 billion riyals.

According to the data, financial and insurance activities accounted for SAR 161 billion, followed by other activities with SAR 156 billion, construction with SAR 131 billion, administrative and support services with SAR 68 billion, and transportation and storage with SAR 60 billion. It’s worth noting that bank credit in the Kingdom, by economic activity, rose to SAR 3.04 trillion by the end of February of this year. Retail loans accounted for the largest share of credit by economic activity, amounting to SAR 1.38 trillion. Total bank credit also rose to SAR 3 trillion by the end of January 2024.