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Individual, corporate mortgages exceed SAR 700 bln in Q1
Saudi Arabian banknotes
Mortgages provided to individuals and corporate clients by commercial banks in Saudi Arabia grew by 17% to around SAR 705.95 billion in Q1 2023, from SAR 605.50 billion in the year-ago period.
Individual mortgages, which accounted for 80% of the total, increased by 19% year-on-year (YoY) to nearly SAR 566.9 billion in Q1 2023, updated data from the Saudi Central Bank (SAMA) showed.
Meanwhile, mortgages provided to corporate clients reached approximately SAR 139 billion in Q1 2023, rising 7% YoY.
|
Real Estate Loans (SAR bln) |
|||
|
Period |
Q1 2022 |
Q1 2023 |
Change |
|
Individuals |
476.16 |
566.90 |
+19% |
|
Corporates |
129.35 |
139.05 |
+7% |
|
Total |
605.51 |
705.95 |
+17% |
The following table illustrates mortgages provided by commercial banks since 2018:
|
Mortgages Provided by Commercial Banks Since 2018 |
|||
|
Period |
Individuals (SAR bln) |
Corporates (SAR bln) |
Total (SAR bln) |
|
Q1 2018 |
124.72 |
92.10 |
216.82 |
|
Q2 2018 |
128.28 |
87.31 |
215.59 |
|
Q3 2018 |
132.06 |
95.29 |
227.35 |
|
Q4 2018 |
140.28 |
98.27 |
238.54 |
|
Q1 2019 |
150.89 |
97.12 |
248.02 |
|
Q2 2019 |
162.50 |
96.68 |
259.18 |
|
Q3 2019 |
176.68 |
99.22 |
275.90 |
|
Q4 2019 |
198.10 |
99.27 |
297.37 |
|
Q1 2020 |
225.09 |
104.18 |
329.27 |
|
Q2 2020 |
250.29 |
109.61 |
359.90 |
|
Q3 2020 |
279.23 |
112.91 |
392.14 |
|
Q4 2020 |
315.20 |
113.21 |
428.41 |
|
Q1 2021 |
358.01 |
116.51 |
474.52 |
|
Q2 2021 |
384.67 |
118.07 |
502.74 |
|
Q3 2021 |
412.60 |
120.85 |
533.45 |
|
Q4 2021 |
445.75 |
123.10 |
568.86 |
|
Q1 2022 |
476.16 |
129.35 |
605.51 |
|
Q2 2022 |
503.23 |
135.04 |
638.27 |
|
Q3 2022 |
529.57 |
133.12 |
662.69 |
|
Q4 2022 |
549.78 |
138.05 |
687.83 |
|
Q1 2023 |
566.90 |
139.05 |
705.95 |
According to SAMA, consumer loans grew by roughly 3% YoY to SAR 447.95 billion during the first three months of 2023.
Consumer loans include renovation and real estate improvement loans, car loans, loans for personal transportation, education, healthcare, tourism, travel, furniture, durable goods and other loans.
The following table shows consumer loans since 2018:
|
Consumer Loans* |
||||
|
Period |
Home renovation (SAR bln) |
Transport, furniture, education, healthcare & tourism |
Others (SAR bln) |
Total (SAR bln) |
|
Q1 2018 |
28.65 |
31.92 |
254.79 |
315.35 |
|
Q2 2018 |
27.61 |
31.74 |
257.48 |
316.83 |
|
Q3 2018 |
26.74 |
31.70 |
269.59 |
328.04 |
|
Q4 2018 |
28.06 |
34.00 |
259.23 |
321.29 |
|
Q1 2019 |
27.16 |
33.38 |
258.71 |
319.25 |
|
Q2 2019 |
26.15 |
32.70 |
260.03 |
318.88 |
|
Q3 2019 |
25.58 |
32.17 |
264.56 |
322.31 |
|
Q4 2019 |
25.65 |
32.34 |
275.45 |
333.44 |
|
Q1 2020 |
25.70 |
32.81 |
277.14 |
335.65 |
|
Q2 2020 |
25.27 |
32.98 |
277.52 |
335.77 |
|
Q3 2020 |
25.46 |
33.60 |
293.21 |
352.26 |
|
Q4 2020 |
23.87 |
31.77 |
309.61 |
365.25 |
|
Q1 2021 |
23.79 |
33.65 |
322.10 |
379.54 |
|
Q2 2021 |
22.20 |
33.82 |
338.16 |
394.18 |
|
Q3 2021 |
20.34 |
34.22 |
357.11 |
411.67 |
|
Q4 2021 |
19.06 |
32.71 |
376.63 |
428.40 |
|
Q1 2022 |
16.48 |
28.49 |
391.55 |
436.52 |
|
Q2 2022 |
15.23 |
28.26 |
402.27 |
445.76 |
|
Q3 2022 |
14.27 |
27.75 |
406.12 |
448.14 |
|
Q4 2022 |
13.44 |
27.43 |
410.69 |
451.55 |
|
Q1 2023 |
12.59 |
27.24 |
408.13 |
447.95 |
*Excluding mortgages, financing lease and funding granted for stock trading.
Credit card loans rose 20% YoY to SAR 23.5 billion in the same period, as follows:
|
Credit Card Loans Since 2018 (SAR bln) |
|
|
Period |
Total (SAR bln) |
|
Q1 2018 |
12.71 |
|
Q2 2018 |
14.02 |
|
Q3 2018 |
14.95 |
|
Q4 2018 |
15.33 |
|
Q1 2019 |
15.63 |
|
Q2 2019 |
16.72 |
|
Q3 2019 |
18.28 |
|
Q4 2019 |
19.05 |
|
Q1 2020 |
20.29 |
|
Q2 2020 |
20.08 |
|
Q3 2020 |
20.56 |
|
Q4 2020 |
18.37 |
|
Q1 2021 |
17.76 |
|
Q2 2021 |
18.20 |
|
Q3 2021 |
19.19 |
|
Q4 2021 |
19.49 |
|
Q1 2022 |
19.60 |
|
Q2 2022 |
20.54 |
|
Q3 2022 |
22.12 |
|
Q4 2022 |
23.07 |
|
Q1 2023 |
23.55 |
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