Saudi Bank Credit Reaches Record USD 880 Billion
Long term lending over three years made up 49% of total credit, with short term at 37.3% and medium term at 13.8% as of October.
Bank credit in Saudi Arabia reached a record USD 880 billion, equivalent to approximately SAR 3.3 trillion, by the end of October, according to the Saudi Central Bank’s monthly statistical bulletin. The figure includes lending to both the public and private sectors and marks the highest level of bank credit recorded in the Kingdom.
The bulletin showed annual growth of 13.6%, representing an increase of more than SAR 391.6 billion (USD 104.4 billion) compared with the same period in 2024, when total bank credit stood at around SAR 2.9 trillion (USD 770 billion). On a monthly basis, credit expanded by 0.4%, or approximately SAR 12.9 billion (USD 3.44 billion), compared with September, when total credit was close to SAR 3.2 trillion.
Credit was distributed across a broad range of economic activities in both the public and private sectors. By lending tenor, long-term credit exceeding three years accounted for the largest share, representing 49% of total bank credit, or roughly SAR 1.6 trillion (USD 430 billion). Short-term credit of less than one year made up 37.3%, amounting to nearly SAR 1.2 trillion (USD 320 billion), while medium-term lending between one and three years represented 13.8% of total credit.
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