Saudi Bank Credit Rises by over SAR391 Billion

Bank credit extended to Saudi Arabia's public and private sectors continued its strong upward trajectory, reaching a record high by the end of October at around SAR3.3 trillion, marking an annual increase of 13.6%.

 The expansion represents a rise of more than SAR391.6 billion compared with the same period in 2024, when total bank credit stood at around SAR2.9 trillion, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA).

 On a monthly basis, bank credit recorded a 0.4% increase, equivalent to about SAR12.9 billion from September, when total credit stood at roughly SAR3.2 trillion.

 The data showed that bank credit extended 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%, amounting to around SAR1.6 trillion. Short-term credit, less than one year, represented 37.3%, or nearly SAR1.2 trillion, while medium-term credit, ranging from one to three years, made up 13.8% of total credit, valued at around SAR451.1 billion.