- Advertisement -
Home Finance Saudi banks increase their foreign investments to 157 billion riyals

Saudi banks increase their foreign investments to 157 billion riyals

0

Total bank credit in Saudi Arabia increased by 1%, by 27 billion riyals, to 2,648 trillion riyals in February, compared to 2,621 trillion riyals in January.

Saudi banks increased their foreign investments by 4.1%, by 6.23 billion riyals, from 151.46 billion riyals at the end of 2023 to 157.69 billion riyals at the end of February, according to an analysis of “Arabian Business” data. Monthly bulletin issued by the Central Bank of Saudi Arabia (SAMA).

Also Read: Etihad Airways carried 1.4 crore passengers last year

On a monthly basis, Saudi banks increased their foreign investments by 2.6%, to 3.98 billion riyals, from 153.71 billion riyals in January to 157.69 billion riyals at the end of February.

Total bank credit in the Kingdom of Saudi Arabia increased by 1%, by 27 billion riyals, to 2,648 trillion riyals in February, compared to 2,621 trillion riyals in January.

Bank credit terms were distributed as follows:

  • Long term: 1.281 trillion riyals.
  • Medium term: 401.9 million riyals.
  • Short term: 964.7 million riyals.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version