Close Menu
    What's New

    Amazon Leo looks to launch over 5,000 D2D satellites

    July 29, 2026

    IMF says Saudi economy remains resilient amid regional geopolitical tensions

    July 29, 2026

    Two players win Dh100,000 each in latest UAE Lottery draw

    July 29, 2026
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    The Gulf GazetteThe Gulf Gazette
    • Home
    • KSA
    • UAE
    • GCC
    • Technology
    • Lifestyle
    • Sports
    The Gulf GazetteThe Gulf Gazette
    Home»Sports»Saudi bank credit hits highest level at SR3.3 trillion by end of February 2026
    Sports

    Saudi bank credit hits highest level at SR3.3 trillion by end of February 2026

    Editorial TeamBy Editorial TeamMay 10, 2026
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email


    RIYADH — Bank credit granted to the public and private sectors in Saudi Arabia recorded positive growth, continuing its upward trend and recording its highest level by the end of February 2026, reaching a total of SR3.335 trillion.

    This represents an annual growth rate of 9.6 percent, an increase of over SR291.9 billion compared to the same period in 2025, when it reached approximately SR3.042 trillion, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for February 2026.

    Data showed that bank credit rose by 0.5 percent month-on-month at the end of February, an increase of over SR15.6 billion compared to the end of January of this year, when it reached approximately SR 3.319 trillion. The SAMA report indicated the distribution of bank credit across various economic activities, which promotes comprehensive and sustainable economic growth and supports the objectives of the Kingdom’s Vision 2030 in developing the financing environment and expanding investment in vital sectors.

    The data showed that long-term bank credit (more than three years) accounted for the largest share of total credit at 48.6 percent, amounting to SR1.622 trillion, while short-term credit (less than one year) constituted 37.7 percent, amounting to SR 1.257 trillion. Medium-term credit (one to three years) reached 13.7percent, with a value of approximately SR 456 billion, the SAMA figures pointed out.

    Source: Saudi Gazette

    Previous ArticleMakkah Deputy Emir reviews readiness of Grand Mosque for Hajj pilgrims
    Next Article Samsung enhances Try Galaxy accessibility for users across UAE 

    Related Posts

    Arab nations, regional organizations condemn attempted drone attack on Saudi oil facilities

    July 29, 2026

    Delta Aquariids meteor shower to peak over Arab world before dawn Thursday

    July 29, 2026

    Russia charges Telegram founder Pavel Durov with ‘aiding terrorism’

    July 29, 2026
    Latest Posts

    Amazon Leo looks to launch over 5,000 D2D satellites

    July 29, 2026

    IMF says Saudi economy remains resilient amid regional geopolitical tensions

    July 29, 2026

    Two players win Dh100,000 each in latest UAE Lottery draw

    July 29, 2026

    Modon delivers record first half results, with AED 2.2 bn in net profit, AED 65.4 bn revenue backlog

    July 29, 2026
    Don't Miss

    Austria’s inflation rate up by 0.9% to 3.1% in March

    By Editorial TeamApril 1, 2026

    VIENNA,1st April, 2026 (WAM) — Austria’s inflation rate rose by 0.9% to 3.1% in March,…

    Saudi FM, UN chief discuss regional developments in phone call

    April 1, 2026

    Saudi, Greek defense ministers discuss repercussions of Iranian attacks

    April 1, 2026
    2026. All rights reserved.
    • KSA
    • UAE
    • GCC
    • Technology
    • Lifestyle
    • Sports
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.