RIYADH: Saudi Arabia’s banking sector continued to expand in June, with total bank credit rising 7.3 percent year on year to SR3.42 trillion ($912 billion) and overall bank deposits increasing 8.9 percent to SR3.13 trillion, official data showed.
According to the latest data from the Saudi Central Bank, broad money supply climbed 8.4 percent year on year to SR3.38 trillion, pointing to continued growth in banking-sector liquidity and lending.
The figures, comparing June 2026 with June 2025, showed that credit to both the private and public sectors increased during the period.
The latest data adds to a broader picture of Saudi Arabia’s economic transformation, with banking-sector activity and reserve assets highlighting the Kingdom’s liquidity, financial stability and confidence in its economy.
Bank credit classified by maturity reached SR3.419 trillion at the end of June, up from SR3.186 trillion a year earlier. The increase was driven by higher long-term and short-term lending. Long-term credit rose to SR1.64 trillion from SR1.56 trillion, while short-term credit increased to SR1.31 trillion from SR1.14 trillion. Medium-term credit, however, edged down to SR475 billion from SR490 billion.
