Saudi Arabian banks’ credit to the public and private sectors has reached a record high of around SAR3.3 trillion (US$880 billion).
According to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA), this represents an annual increase of 13.6 per cent.
At the end of October, the expansion represents a rise of more than SAR391.6 billion (US$104.4 billion) compared with the same period in 2024, when total bank credit stood at around SAR2.9 trillion (US$770 billion).
On a monthly basis, bank credit recorded a 0.4 per cent increase, equivalent to about SAR12.9 billion (US$3.44 billion) compared to September, when total credit stood at roughly SAR3.2 trillion.
The credit issued to both the public and private sectors was distributed across a wide range of economic activities. Such diversified allocation supports comprehensive and sustainable economic growth in line with Saudi Vision 2030 goals to enhance the financing environment and drive expansion in vital sectors.
Long-term bank credit, exceeding three years, accounted for the largest share of total lending at 49 per cent, amounting to around SAR1.6 trillion (US$430 billion). Short-term credit, less than one year, represented 37.3 per cent, or nearly SAR1.2 trillion (US$320 billion), while medium-term credit, ranging from one to three years, made up 13.8 per cent of total credit.
