The Saudi Central Bank "SAMA" data showed that assets increased during July 2022 to about 2005.6 billion riyals, compared to 1848.9 billion riyals in June 2021, an annual growth rate of 8.47 percent. Thus, SAMA's assets increased by about 156.7 billion riyals, compared to assets at the end of July 2021.
On a monthly basis, assets increased by 19.5 billion riyals compared to June 2022, where at the end of June it was about 1986.11 billion riyals. The banking system’s total assets increased last July to 4528 billion riyals, compared to 4182 billion riyals at the end of July 2021.
The data revealed an increase in the value of banks' liabilities from the government to 493.4 billion riyals, compared to 454.5 billion riyals in July 2021. While the liabilities of banks from the private sector rose at the end of last July to 2213 billion riyals, compared to 1945 billion riyals at the end of July of last year, and compared to 2206 billion riyals in the previous month.
Source (Al-Arabiya.net Website, Edited)
