Time and savings deposits in Saudi banks achieved a monthly growth of 5.6%, an increase of 47.273 billion riyals.
I reached Time and savings deposits In the Saudi banking system, it reached its highest levels ever, rising by 23.4%, or 168.789 billion riyals, to 889.558 billion riyals by the end of May 2024, compared to the same period of the previous year, which amounted to about 698.436 billion riyals, according to data from the statistical bulletin issued by Saudi Central Bank (SAMA)For the month of May 2024.
Time and savings deposits constituted about 31.5% of the total “broad and comprehensive money supply” amounting to about 2.825 trillion riyals.
Time and savings deposits also achieved a monthly growth of 5.6%, an increase of 47.273 billion riyals, compared to levels of 842.286 billion riyals at the end of April of this year.
Time and savings deposits also recorded a growth of 3% since the beginning of the year, an increase of about 25.237 billion riyals, as they were at 846.321 billion riyals at the end of January 2024.
The monthly average for the current year for the level of time and savings deposits amounted to about 855.589 billion riyals.
