Saudi banks’ April claims on private sector grew by $4.93bn: Saudi Central Bank

RIYADH: Saudi Arabia’s commercial banks’ claims on the private sector grew in April by SR18.5 billion to SR2.15 trillion ($574 billion), according to data published on the Saudi Central Bank’s website.

Commercial banks’ claims on the sector increased by 0.9 percent from SR2.13 trillion in March.

Banks’ claims on the private sector — consisted mainly of loans and advances as well overdrafts — grew by SR268.2 billion from the same month a year ago. This translates to a growth of 14.2 percent from SR1.87 trillion in March 2021, according to figures compiled by Arab News.

Saudi banks’ total assets grew in April by SR18.4 billion to SR3.39 trillion. Total assets grew by 0.5 percent from SR3.37 trillion in March, according to data published on Tuesday.