The volume of bank credit granted to the public and private sectors in Saudi Arabia achieved record levels, the highest historically by the end of April 2024, reaching about 2.683 trillion riyals ($ 715 billion), achieving an annual growth of 11 percent, an increase of about 265 billion riyals, compared to 2.4 trillion ($ 639.9 billion) in the same period of the previous year.
According to the monthly bulletin of the Saudi Central Bank, the volume of bank credit recorded a monthly increase of 0.6 percent, compared to the previous month of this year, an increase of about 15 billion riyals.
Bank credit witnessed the highest monthly increase in January, with a value of more than 38 billion riyals, reaching 2.6 trillion riyals, compared to the level of 2.5 trillion riyals at the end of December 2023.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
