Saudi bank credit rises 15% to $801.44bn
RIYADH, 5 hours, 53 minutes ago
The total bank credit granted to the public and private sectors in Saudi Arabia reached its highest level at SAR3,005.9 billion ($801.44 billion) by the end of January 2025, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for January 2025.
This marks an annual growth of 15% and an increase of over SAR348.22 billion compared to the same period in 2024, when it stood at SAR2,621.72 billion, a Saudi Press Agency report said.
Meanwhile, the total bank credit recorded a monthly growth of 2% by the end of January 2025, increasing by approximately SAR50.39 billion compared to December 2024, when it stood at SAR2,955.55 billion.
The bank credit granted to the public and private sectors was distributed across more than 17 diverse economic activities, serving as a key driver in achieving comprehensive and sustainable economic growth and contributing to the goals of Saudi Vision 2030, it said.
