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FINANCIAL NEWS
Saudi real estate loans hit USD32b in Q1
20 Jul 2014
(MENAFN) Saudi real estate loans to individual and corporate were estimated at USD32.89 billion in the first three months of 2014, according to Arab News.
Saudi Arabian Monetary Agency (SAMA) reported that real estate loans granted to individuals boosted by 33 percent in the first quarter to reach USD20.47 billion, up from USD15.43 billion in the same quarter 2013.
Consumer loans increased 9 percent to USD88.97 billion in the first quarter compared to the figures of the same period 2013.
Loans for credit cards boosted by 13 percent by the end of the quarter to reach USD2.36 billion compared to USD2.09 billion in the same period last year.
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