Private Sector Bank Claims in Saudi Arabia Reach SAR 3 Trillion
Credit to private businesses and individuals rose 15.2% in April 2025, totalling SAR 3.012 trillion.
Private sector banking claims in Saudi Arabia have reached SAR 3.012 trillion as of April 2025, marking a 15.2% year-on-year increase, according to new data from the Saudi Central Bank. The figure reflects total credit issued to non-government entities, including businesses and households, and highlights continued expansion in the Kingdom's financial sector.
The rise in private sector lending is supported by strong domestic demand and aligns with ongoing efforts to diversify the economy under Vision 2030. The latest increase also follows a 10% year-on-year growth in time and savings deposits, which reached SAR 949.7 billion by the end of 2024.
Credit to the private sector now accounts for the bulk of bank lending activity in Saudi Arabia. The trend has drawn attention from ratings agencies such as Fitch, which forecast that Saudi banks would maintain one of the highest credit growth rates in the region throughout 2025.
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Private Sector Bank Claims in Saudi Arabia Reach SAR 3 Trillion
Credit to private businesses and individuals rose 15.2% in April 2025, totalling SAR 3.012 trillion. Private sector banking claims in Saudi Arabia have reached SAR 3.012 trillion as of April 2025, marking a 15.2% year-on-year increase, according to new data from the Saudi Central Bank. The figure reflects total credit issued to non-government entities, including businesses and households, and highlights continued expansion in the Kingdom's financial sector. The rise in private sector lending is supported by strong domestic demand and aligns with ongoing efforts to diversify the economy under Vision 2030. The latest increase also follows a 10% year-on-year growth in time and savings deposits, which reached SAR 949.7 billion by the end of 2024. Credit to the private sector now accounts for the bulk of bank lending activity in Saudi Arabia. The trend has drawn attention from ratings agencies such as Fitch, which forecast that Saudi banks would maintain one of the highest credit growth rates in the region throughout 2025.
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