The real estate loans granted by commercial banks in Saudi Arabia to individuals and companies by the end of the first quarter 2017 increased by 3% compared to the fourth quarter of last year, reaching about 212.5 billion riyals this year, an increase of 3%.
<The updated data published by the Saudi Monetary Agency showed that the value of loans granted to individuals amounted to about 112.5 billion riyals, an increase of 2% compared to the previous quarter, when it amounted to 110.6 billion riyals. Loans granted to companies by the end of Q1 2017 amounted to about 100 billion riyals, up by about 4% compared to Q4 2016.
According to the report, the value of loans granted to companies amounted to about 100 billion riyals. According to the SAMA report, consumer loans decreased by 1% at the end of Q1 2017 compared to the previous quarter, reaching SR338.6 billion.
Consumer loans include loans for renovation, improvement and furnishing of real estate, car and equipment loans, consumer loans for education, health, tourism, travel, furniture, durable goods and other loans.
Credit card loans at the end of Q1 2017 decreased by 5% to SR10.4 billion compared to Q4 2016, when they amounted to about SR11 billion.
Credit card loans at the end of Q1 2017 decreased by 5% to SR10.4 billion compared to Q4 2016, when they amounted to about SR11 billion.
