Individual, corporate mortgages rise to SAR 767.3B in Q4 2023

Saudi Arabian banknotes

Mortgages provided to individuals and corporate clients by commercial banks in Saudi Arabia grew by 12% to around SAR 767.3 billion in Q4 2023, from SAR 687.8 billion in the year-ago period.

For more details about Mortgage Loans on Argaam Tools

Individual mortgages, which accounted for 79% of the total, increased by 10% year-on-year (YoY) to nearly SAR 607.2 billion in Q4 2023, updated data from the Saudi Central Bank (SAMA) showed.

Meanwhile, mortgages provided to corporate clients reached about SAR 160.1 billion in Q4 2023, rising 16% YoY.

Mortgages by Commercial Banks (SAR bln)
Period	Q4 2022	Q4 2023	Change
Individuals	549.8	607.2	+10%
Corporates	138.1	160.1	+16%
Total	687.8	767.3	+12%

The following table illustrates mortgages provided by commercial banks since 2019:

Mortgages by Commercial Banks Since 2018
Period	Individuals (SAR bln)	Corporates (SAR bln)	Total (SAR bln)
Q1 2019	150.9	97.1	248.0
Q2 2019	162.5	96.7	259.2
Q3 2019	176.7	99.2	275.9
Q4 2019	198.1	99.3	297.4
Q1 2020	225.1	104.2	329.3
Q2 2020	250.3	109.6	359.9
Q3 2020	279.2	112.9	392.1
Q4 2020	315.2	113.2	428.4
Q1 2021	358.0	116.5	474.5
Q2 2021	384.7	118.1	502.7
Q3 2021	412.6	120.9	533.5
Q4 2021	445.8	123.1	568.9
Q1 2022	476.2	129.4	605.5
Q2 2022	503.2	135.0	638.3
Q3 2022	529.6	133.1	662.7
Q4 2022	549.8	138.1	687.8
Q1 2023	566.9	139.1	706.0
Q2 2023	582.4	148.9	731.3
Q3 2023	591.7	155.5	747.2
Q4 2023	607.2	160.1	767.3

Total Mortgage Loans (Billion SAR) - Individuals + Corporate

Source: Argaam Tools

According to SAMA, consumer loans declined by 2% YoY to SAR 441.8 billion during the three-month period.

Consumer loans include renovation and real estate improvement loans, car loans, as well as loans for personal transportation, education, healthcare, tourism, travel, furniture, durable goods, among others.

The following table shows consumer loans since 2019:

Consumer Loans*
Period	Renovation and home improvement (SAR bln)	Transport, furniture, education, healthcare & tourism (SAR bln)	Others (SAR bln)	Total (SAR bln)
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	376.62	428.40
Q1 2022	16.48	28.49	391.55	436.52
Q2 2022	15.23	28.26	402.27	445.75
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
Q2 2023	11.80	26.96	405.20	443.95
Q3 2023	11.26	27.50	405.68	444.45
Q4 2023	10.79	28.09	402.95	441.83

*Excluding real estate financing, financing leasing and margin lending

Personal consumer Loans (Billion SAR)

Source: Argaam Tools

Credit card loans rose 17% YoY to SAR 27.1 billion in the same period, as follows:

Credit Card Loans Since 2019 (SAR bln)
Period	Total (SAR bln)
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
Q2 2023	24.91
Q3 2023	26.49
Q4 2023	27.07

Credit Card Loans (Billion SAR)

Source: Argaam Tools

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