Saudi Arabia .. Bank loans rose 15% last September

The Saudi Arabian Monetary Agency (SAMA) announced an increase in loans provided by banks in the country to non-financial governmental institutions and the private sector, by 15% last September. To reach about 1790 billion riyals (the dollar equals 3.75 riyals), compared to 1554.9 billion riyals during the same period in 2019.

Sama said – in a report – that the loans provided by Saudi banks and banks to the private sector rose at the end of last September, to reach 1724 billion riyals, an increase of 15%, compared to the same period last year, when it reached 1499 billion riyals at that time. .

The report added that loans granted to non-financial governmental institutions amounted to about 65.9 billion riyals at the end of last September, an increase of 18% compared to the same period last year.

The Saudi Arabian Monetary Agency also announced that remittances of foreigners residing in the Kingdom recorded an increase last September by 29%, to reach about 13.21 billion riyals, compared to the same period in 2019.

The Foundation said that the remittances of foreigners – the number of about 10 million workers – recorded an increase during last September by about 835 million riyals, and by 7% compared to last August.

She added that Saudi remittances abroad decreased last September by 11%, compared to the same period last year, to reach about 4 billion riyals.

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