The value of loans in Saudi Arabia increased 14.30 percent in August of 2020 over the same month in the previous year.
Loan Growth in Saudi Arabia averaged 12.82 percent from 2001 until 2020, reaching an all time high of 46.99 percent in October of 2004 and a record low of -1.40 percent in June of 2017. This page provides - Saudi Arabia Loan Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Bank Lending Growth - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Saudi Arabia Monetary Agency
Loan Growth in Saudi Arabia is expected to be 10.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Saudi Arabia to stand at 3.30 in 12 months time. In the long-term, the Saudi Arabia Bank Lending Growth is projected to trend around 3.50 percent in 2021, according to our econometric models.