Saudi banks’ retail, corporate mortgage loans rise 39% to SAR 359.9 bln in Q2 2020

13/09/2020 Argaam Special


Mortgage loans provided to retail and corporate clients by commercial banks in Saudi Arabia rose 39% year-on-year (YoY) to SAR 359.9 billion in Q2 2020, according to data issued by the Saudi Arabian Monetary Authority (SAMA).

 

Loans to retail clients, accounting for 70% of total mortgage loans, jumped 54% YoY to SAR 250.3 billion in Q2 2020. Corporate loans grew by 13% YoY to SAR 109.6 billion.

 

Real Estate Loans (SAR bln)

Total

Corporate

Retail

Period

2016

188.53

82.24

106.29

Q1

187.05

78.63

108.42

Q2

197.59

88.10

109.48

Q3

200.40

89.92

110.48

Q4

2017

204.66

93.05

111.60

Q1

211.87

96.85

115.02

Q2

213.64

96.47

117.17

Q3

210.99

89.74

121.25

Q4

2018

216.82

92.10

124.72

Q1

215.59

87.31

128.28

Q2

227.35

95.29

132.06

Q3

238.54

98.27

140.28

Q4

2019

248.02

97.12

150.89

Q1

259.18

96.68

162.50

Q2

275.90

99.22

176.68

Q3

297.37

99.27

198.10

Q4

2020

329.27

104.18

225.09

Q1

359.90

109.61

250.29

Q2

 

 

On the other side, consumer loans inched up nearly 5% YoY during the three-month period to reach SAR 335.8 billion.

 

They include cars and equipment loans, as well as travel, education, and home improvement loans, among others.

 

Consumer Loans (SAR bln)*

Total (SAR bln)

Others (SAR bln)

Transportation, Furniture, Education, Healthcare And Tourism

Home improvement

Period

2016

318.14

265.09

16.44

36.62

Q1

320.97

269.77

17.50

33.70

Q2

321.40

274.55

17.03

29.81

Q3

318.27

273.50

15.69

29.08

Q4

2017

316.31

274.09

14.73

27.49

Q1

315.10

274.46

14.43

26.22

Q2

313.10

263.14

20.69

29.26

Q3

317.66

255.52

32.12

30.03

Q4

2018

315.35

254.79

31.92

28.65

Q1

316.83

257.48

31.74

27.61

Q2

328.04

269.59

31.70

26.74

Q3

321.29

259.23

34.00

28.06

Q4

2019

319.25

258.71

33.38

27.16

Q1

318.88

260.03

32.70

26.15

Q2

322.31

264.56

32.17

25.58

Q3

333.44

275.45

32.34

25.65

Q4

2020

335.65

277.14

32.81

25.70

Q1

335.77

277.52

32.98

25.27

Q2

* Excluding mortgage financing, financial leasing and funding granted for stocks trading.

 

 

Credit card loans advanced 20% YoY to stand at SAR 20.08 billion in the second quarter.

 

Credit Card Loans (SAR bln)

Total

Period

2016

10.33

Q1

10.34

Q2

11.41

Q3

10.96

Q4

2017

10.43

Q1

10.65

Q2

11.56

Q3

12.09

Q4

2018

12.71

Q1

14.02

Q2

14.95

Q3

15.33

Q4

2019

15.63

Q1

16.72

Q2

18.28

Q3

19.05

Q4

2020

20.29

Q1

20.08

Q2

 

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