Friday 22 June 2018

Saudi banks offer $32.9bn real estate loans in Q1

Riyadh, July 21, 2014

Saudi banks provided loans totalling SR123.4 billion ($32.9 billion) to the real estate sector in the kingdom during the first quarter of this year, a report said.

Real estate loans to individuals rose by 33 per cent in Q1 2014 to SR76.8 billion, compared to SR57.9 billion in the same period last year, said the report in the Arab News, quoting media reports that cited data released by the Saudi Arabian Monetary Agency (Sama).

Meanwhile, consumer loans in the Kingdom rose 9 percent to SR333.75 billion in Q1 compared to the same period last year.

Tags: Saudi | banks | real estate | Loans |

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