The monthly bulletin issued by the Saudi Central Bank reported a notable increase in the volume of loans provided by banks and banking institutions within the Kingdom to both the non-financial government sector and the private sector during the period ending in April.
Growth in Loans to Both Sectors
Loans directed to all entities in the Kingdom recorded an increase of 8% compared to the same average from the previous year, reaching approximately 3.485 trillion riyals, compared to 3.231 trillion riyals in the same period last year.
Breakdown of Loans to the Private Sector
Banks allocated 3.229 trillion riyals of total loans to the private sector, reflecting an increase of nearly 7% on an annual basis. This growth demonstrates continued financial support for private institutions amid changing economic conditions.
Loans to Non-Financial Government Entities
On the other hand, the volume of loans granted to non-financial government entities reached 255.8 billion riyals by the end of April, recording growth of nearly 17% compared to the same period last year.
Significance of the Figures for Financing Policies
These data indicate a clear trend by banking entities to enhance financing in both sectors, supporting economic activities and contributing to the stability of the financial market within the Kingdom.
