Bank credit in Saudi Arabia witnessed a significant surge in April, reaching a record-high of approximately $834 billion, with corporate borrowing now outpacing household lending across the Kingdom.
Recent data indicates that the corporate sector is driving this growth in bank credit, fueled by expanding investment activity and heightened demand across key sectors such as industry, infrastructure, and energy—aligned with the ambitious goals of Saudi Arabia’s Vision 2030.
In contrast, the growth of household borrowing has moderated, as banks tighten personal lending standards and focus on maintaining asset quality amid evolving market dynamics.
This robust corporate lending trend highlights growing business confidence in the Kingdom’s economic environment, supported by government incentives and an increasingly vibrant investment landscape.
Banking experts anticipate continued momentum in the months ahead, propelled by a steady pipeline of major projects and new investment opportunities that will further energize Saudi Arabia’s economic growth trajectory.
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