Saudi Arabia extends 1.472T riyals in personal loans
Saudi Central Bank ("SAMA") data indicates that personal loans in Saudi Arabia increased by 38.01 billion riyals during the first eight months of 2026, reaching a record high of over 1.472 trillion riyals by the end of August, representing a 3.85% rise compared to the same period last year. Additionally, the share of these loans in total bank credit amounted to 42.49%. Overall bank credit in the Kingdom grew by 7% to reach 3.464 trillion riyals by the end of August. Credit is distributed across various types, with personal mortgage loans continuing to rise, totaling 742.95 billion riyals, and new housing financing reaching 43.89 billion riyals during the first eight months of 2026.
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