Saudi Arabian Monetary Authority: Mortgage loans to individuals reach 94.2 billion by the end of 2014
SAMA's quarterly bulletin revealed that real estate loans granted by commercial banks in Saudi Arabia to individuals increased during 2014 to about 94.2 billion riyals, an increase of 34% compared to 2013. The bulletin indicated the volume of real estate loans granted to individuals and companies about 148.9 billion riyals.
The Saudi Arabian Monetary Authority (SAMA) publishes an item on real estate loans to individuals. The Saudi Arabian Monetary Agency (SAMA) used to publish an item called “real estate financing” within consumer loans to change the name of this item to «restoration, improvement and furnishing of real estate» without any significant changes to the value.
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Consumer loans at the end of 2014 increased by 9% compared to 2013 to reach 313.1 billion riyals. Consumer loans include, in addition to loans for renovating, improving and furnishing real estate, loans for cars and equipment, and other loans
