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Saudi bank loans reach highest growth rate in 19 months, surpassing

image sourced from original article at https://www.arabnews.com/node/2578522/business-economy

Saudi bank loans reached SR2.85 trillion ($760.84 billion) in September, representing an annual growth rate of 12.16 percent -- the highest in 19 months, according to recent data. Corporate lending dominated the sector, growing by 15.75 percent, outpacing personal loans. Real estate activities led corporate lending, accounting for 20.37 percent of all business loans. The Saudi property market is expected to reach a market volume of $69.51 billion in 2024 and $101.62 billion by 2029.

Original article source: https://www.arabnews.com/node/2578522/business-economy
Source Id: 2024-11-539777063

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