SAMA: Bank credit of 15 economic activities hit SR2.6 trillion during February

Data issued by the Central Bank of Saudi Arabia showed that the volume of bank credit for 15 economic activities during the month of February 2024 exceeded 2.648 trillion riyals, up from 2.389 trillion in February 2023, an increase exceeding 259 billion riyals on an annual basis.

The statistical bulletin issued by the Central Bank said that bank credit granted to agriculture, forestry, and fishing activity amounted to 10.629 billion riyals during February 2024, compared to 11.732 billion riyals during February 2023, while the volume of bank credit granted to mining and mining activity was estimated at 43.550 billion riyals during the same period, compared to 38.867 billion riyals. riyals in February 2023, while bank credit granted to manufacturing activity reached 175.100 billion riyals during February 2024, compared to 169.922 billion riyals during February 2023.

According to the statistical bulletin, the volume of credit granted to electricity, gas and water supply activity amounted to 146.940 billion riyals in February 2024, compared to 117.288 billion riyals in February 2023, while the volume of credit granted to construction activity was estimated at 124.807 billion riyals, compared to 177.612 billion riyals in February 2023, indicating that the volume of Bank credit granted to wholesale and retail trade activity amounted to 185.229 billion riyals during February 2024, compared to 170.652 billion riyals in February 2023, while the volume of bank credit for transportation and storage activity reached 45.763 billion riyals in the same period, compared to 42.198 billion riyals in February 2023.

The statistical bulletin stated that the volume of bank credit for accommodation and food services activities amounted to 38.73 billion riyals in February 2024, compared to 38,583 in February 2023, while the volume of bank credit for information and communications activity was estimated at 23.642 billion riyals in the same period, compared to 19.776 billion riyals in February 2023. While the volume of bank credit for financial and insurance activities reached 107.953 billion riyals in February 2024, compared to 96.820 billion riyals in February 2023, while the volume of bank credit for real estate activities was estimated at 271,175 in February 2024, compared to 214.520 billion riyals in February 2023.

The statistical bulletin said that the volume of bank credit for professional, practical, and technical activities amounted to 6.490 billion riyals during February 2024, compared to 4.168 billion riyals in February 2023, while the volume of bank credit for administrative and support services activities was estimated at 34.929 billion riyals in February 2024, compared to 27.88 billion riyals. During February 2023, while the volume of bank credit for education activity reached 6.172 billion riyals in the same period, compared to 4.718 billion riyals in February 2023.

The volume of bank credit for human health and social work activities was estimated at 20.701 billion riyals in February 2024, compared to 18.421 billion riyals in February 2023, while the volume of bank credit for individual loan activity exceeded 1.257 trillion in February 2024, compared to more than 1.173 trillion in February 2023, while the volume of Bank credit for other activities was 149.770 billion riyals in February 2024, compared to 123.451 billion riyals in February 2023.