Saudi Bank Credit Reaches Record SAR 3.3 Trillion by End of October

RIYADH, December 16 (Saudi Arabia Breaking News) – Bank credit extended to Saudi Arabia’s public and private sectors rose to a record high of around SAR 3.3 trillion by the end of October, marking an annual increase of 13.6%, according to data released by the Saudi Central Bank (SAMA).

The expansion represents an increase of more than SAR 391.6 billion compared with the same period in 2024, when total bank credit stood at approximately SAR 2.9 trillion, SAMA said in its monthly statistical bulletin.

On a monthly basis, bank credit increased by 0.4%, equivalent to about SAR 12.9 billion, compared with September, when total credit stood at roughly SAR 3.2 trillion.

The data showed that credit extended to both the public and private sectors was distributed across a broad range of economic activities, supporting comprehensive and sustainable economic growth in line with Saudi Vision 2030 objectives.

Long-term credit, with maturities exceeding three years, accounted for the largest share at 49%, amounting to around SAR 1.6 trillion. Short-term credit, of less than one year, represented 37.3% or nearly SAR 1.2 trillion, while medium-term credit, ranging from one to three years, accounted for 13.8%, valued at approximately SAR 451.1 billion.