SAMA: Bank liabilities from public sector hit SR676.3 billion ‎

Data from the Central Bank of Saudi Arabia for the month of August 2023 revealed an increase in bank liabilities from the public governmental and semi-governmental sectors to about 676.3 billion riyals at the end of last August, an increase of 8976 million riyals from their levels in the previous month (July 2023), which was 667.4 billion riyals, to record The highest level ever.

According to the statistical bulletin for the month of August, government bonds (including internationally issued government bonds and instruments that banks purchase from the secondary market), in which Saudi banks invested, rose to 536.3 billion riyals at the end of last August, with a value of 2,907 million riyals, compared to 533.4 billion riyals. Riyals by the end of July 2023

On the other hand, bank credit to public institutions increased to 140 billion riyals by the end of August 2023, with a value of 6,086 million riyals from its levels last July, which were 133.9 billion riyals.

Banks’ liabilities from the public sector consist of government bonds in addition to bank credit to public institutions, which in turn includes loans, advances and overdrafts.