The volume of Saudi banks loans and receivables on the private sector increased by 13 percent during the 12 months until the end of the second quarter of this year, to reach 1.67 trillion riyals, compared to 1.47 trillion riyals at the end of the second quarter of 2019.
This percentage of the increase represents an increase in the value of these liabilities by about 194.83 billion riyals on an annual basis, according to SAMA data issued until the end of the first half of this year.
According to the data, more than 95 percent of the value of these liabilities on the private sector are loans, advances, and overdrafts with a value of more than 1.59 trillion riyals. Loans, advances, and overdrafts from the private sector recorded an annual increase of more than 13 percent. This percentage of the increase represents a value of 186.78 billion riyals for the same comparative period. The remainder of the total liabilities of banks to the private sector is distributed on discounted bills worth 14.57 billion riyals, and investments in private securities worth 62.27 billion riyals.
On the other hand, the liabilities of banks in Saudi Arabia on the public sector increased by more than 20% at the end of the second quarter of this year to reach 490.5 billion riyals.
Source (Al-Arabiya.net, Edited)
