As Corporate Lending Soars, Saudi Bank Loans Reach $845 Billion

RIYADH: According to the most recent official statistics, the total amount of outstanding loans from Saudi banks was SR3.17 trillion ($844.7 billion) at the end of May, representing a 16.28 percent annual rise.

This is one of the fastest annual credit increases in recent years, according to data issued by the Saudi Central Bank, or SAMA, highlighting the Kingdom’s robust economic momentum. Business loans now make up 55.35 percent of total bank lending, up from 52.87 percent a year ago, according to SAMA data.

Personal lending increased by about 10 percent to SR1.41 trillion, while corporate lending increased by 21.73 percent year over year to SR1.75 trillion. This change demonstrates how businesses have taken center stage in Saudi Arabia’s lending market as banks shift from providing consumer loans to financing major projects and companies.

The credit boom in the Kingdom is unique in the area. The majority of the banking industries in the Gulf Cooperation Council are experiencing growth as a result of government investment and post-pandemic economic expansion; however, Saudi banks are setting the standard for loan growth. According to a May Kamco Invest analysis, the Kingdom outperformed other Gulf markets in the first quarter of 2025 and had the largest year-over-year loan growth in the region.

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