The Saudi Arabian Monetary Authority (SAMA) monthly data showed that assets rose to 1.961 trillion at the end of June compared to 1.936 trillion riyals in the same period of last year, representing a growth of 1.3 percent.
According to SAMA, the assets increased on an annual basis by 25 billion riyals, and it fell by 3 billion riyals on a monthly basis, while it was 1.964 trillion riyals in May, a decline of 0.2 percent.
Net foreign assets rose to 1.899 trillion riyals in June, compared to 1.871 trillion riyals during the same period last year. While the total assets of the banking system at the end of June increased to reach 3.862 trillion riyals, compared to 3.764 trillion riyals, the end of June last year, which means a rise of 2.6 percent.
The data also revealed an increase in the value of bank liabilities from the government to 351.6 billion riyals, compared to 284.3 billion riyals in June last year. On a yearly basis, the bank lending to the private sector rose to 1.465 trillion riyals, compared with 1.43 trillion riyals in the same period last year, compared with 1.47 trillion riyals in the previous month.
Source: (Al-Arabiya.net, Edited)
