Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Bank loans, credits exceed SR2 trillion  Join our daily free Newsletter

MENAFN - Arab News - 18/12/2013
No. of Ratings : 0
Add to Mixx!

(MENAFN - Arab News) The volume of bank loans and credits rose to SR2.10 trillion in the third quarter of the current year, a surplus of SR25 billion over the loans of Q2 2013 which reached SR1.82 trillion, local media reported quoting a report by Saudi Arabian Monetary Agency (SAMA).
Short-term credits (less than one year) reached SR586.71 billion whereas medium-term (1-3 years) and long-term ( 3 years) loans stood at SR203.15 billion and SR317.81 billion, respectively, the SAMA report said.
Meanwhile, consumer loans increased to SR326.88 billion in Q3, 2013 compared to SR321.16 billion in Q2, 2013 and, likewise, credit card loans rose to SR7.97 billion compared to SR7.69 billion, the report said.
According to an earlier report by SAMA, the volume of consumer loans in the first quarter stood at SR307.4 billion.
Loans allocated for real estate, which fall within consumer loans, reached SR43.91 billion in Q3 compared to SR41.47 billion in Q2 as loans given to purchase car and equipment stood at SR61.31 billion compared to SR61.83 in Q2, 2013, according to the report. Other loans reached SR220.48 billion compared with SR217.85 billion in Q2, 2013.
The number of bank branches Kingdomwide reached 1,735 in Q3, 2013 compared to 1,722 in Q2 whereas the number of automatic teller machines (ATMs) stood at 13,516 against 13,231 in the comparable periods, the report said.
On the other hand, the volume of money withdrawn through ATMs exceeded SR161.57 billion in Q3 2013 compared to SR169.13 billion in the second quarter of the current year. The Saudi banks issued 17.3 million bank cards compared to 16.9 million cards in the comparable periods, the report said.
Earlier, experts warned that consumer loans, which capture nearly 80 percent of Saudi local banks' retail loan portfolio, may adversely affect the economy as these loans are not directed to boost production.


Arab News

  MENA News Headlines
 Oct 8 2015 - UK official says Russia making situation in Syria more dangerousKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) UK Secretary of State for Defence, Michael Fallon, called on Russia Thursday to stop supporting the regime of Bashar Al-Assad and to stop the regime from bombing ...

 Oct 8 2015 - EP calls for intØ¢'l protection for E.JerusalemKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The European Parliament called Thursday East Jerusalem to be placed under immediate international protection after a series of violent clashes have left several ...

 Oct 8 2015 - USD to drop further as profit raise postpones - analystKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The rate of the US dollar is expected to drop against the main currencies in time of weakening expectations on the raise of profit rates in the US before the end ...

 Oct 8 2015 - Israeli forces arrests 40 Palestinians in West BankKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Forty Palestinians were arrested by the Israeli force during an operation in the West Bank, said a statement by the Palestinian prisoners club Thursday.According ...

 Oct 8 2015 - Syrian Army: Russian airstrikes reduced ISIL fighting capabilitiesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Airstrikes by Russian warplanes reduced fighting capabilities of the so-called Islamic State in Iraq and Levant (ISIL) in Syria, the Syrian Armed Forces Commander ...

 Oct 8 2015 - Western, Russian intervention in Syria making matters worse - Arab LeagueKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Western and Russian intervention in Syria will not end the war and will not eliminate presence of the so-called Islamic State in Iraq and Levant (ISIL), said ...

 Oct 8 2015 - Kuwait- Light rain, dust for Thursday evening weather - forecastKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Light rain and dust is expected for the weather Kuwait Thursday's evening, said a weather forecast official.Deputy head of Kuwait weather forecast department, ...

 Oct 8 2015 - Jewish settler stabbed in JerusalemKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A Jewish man was stabbed Thursday in his upper body in Jerusalem in the third stabbing attack in just over 24 hours.Haaretz newspaper said on its website that a ...

 Oct 8 2015 - OPEC oil price up to USD 48.24 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The OPEC daily basket price went up Wednesday USD 2.16 and stood at USD 48.24 per barrel (pb) compared with USD 46.08 pb the previous day, the cartel said here on ...

 Oct 8 2015 - Kuwaiti seeks Costa Rica's support to get non-Permanent UNSC seatKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A Kuwaiti Parliamentary friendship group sought Costa Rica's President Luis Guillermo Solis' support to help Kuwait obtain a non-permanent seat at the UN Security ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help