RIYADH: Saudi banks’ outstanding loans reached SR 3.2 trillion ($849.7 billion) in June, marking a 15.8 percent increase compared to the same month of 2024.
According to data from the Saudi Central Bank, known as SAMA, the majority of this growth, some 76 percent, was driven by corporate lending, which totaled SR1.8 trillion.
Loans to individuals accounted for the remaining SR1.4 trillion, although their share declined from nearly 50 percent a year earlier to about 44 percent.
Business loans posted a 22.5 percent year-on-year increase, reflecting vigorous demand across sectors tied to Vision 2030 initiatives. Real estate emerged as a standout, with banks extending SR384 billion in financing, making up nearly 22 percent of corporate loans, and reflecting a 39 percent year-on-year jump.
Wholesale and retail trade ranked second, comprising 11.92 percent of corporate lending at SR213.1 billion, reflecting an 8.43 percent annual rise. The electricity, gas, and water supply sector followed with an 11.15 percent share, or SR199.31 billion, while manufacturing accounted for 10.76 percent, reaching SR192.25 billion..
