According to the January 2025 monthly statistical bulletin released by the Saudi Central Bank (SAMA), the total bank credit obtained by the public and private sectors in Saudi Arabia reached 3,005,946 million Saudi Riyals (3 trillion Saudi Riyals, approximately US$799.85 billion) by the end of January 2025, marking a historical high. This figure underscores the robust growth momentum within Saudi Arabia's credit market.
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03-14, 2025Compared to the same period in 2024, the total bank credit increased by 15% year-on-year, a rise of over 348,219 million Saudi Riyals (348 billion Saudi Riyals, approximately US$92.8 billion). The total credit recorded in the same period of 2024 was 2,621,726 million Saudi Riyals (2.6 trillion Saudi Riyals, approximately US$693 billion). This significant increase highlights the heightened economic activity within Saudi Arabia.
Furthermore, compared to the end of December 2024, the total bank credit at the end of January 2025 increased by 2% month-on-month, an increase of approximately 50,395 million Saudi Riyals. The total credit at the end of December 2024 was 2,955,550 million Saudi Riyals. This further confirms the ongoing expansion of the Saudi credit market.
Bank credit provided to the public and private sectors is allocated to over 17 different fields of economic activity, serving as a crucial factor in promoting comprehensive and sustainable economic growth and aligning with the goals of Saudi Vision 2030. The effective allocation of these credit funds will contribute to driving the diversification and sustainable development of the Saudi economy.
