Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Monetary update (May 2013): Credit growth continues to rise
Macroeconomic reportSAMA released recently data on monetary indicators for the month of May. All indicators are healthy in the month, as the net credit to the private sector increased 16,5 percent year-on-year, total bank deposits increased by SR17.7 billion, SAMAs reserve assets continued to grow and added SR31 billion, and bank excess deposits with SAMA remained elevated at SR79.9 billion reflecting the strong liquidity of the domestic banks.
Saudi monetary update (July 2013): Flat deposits, but higher credit
Macroeconomic reportBased on data released recently by SAMA on the Saudi monetary indicators for the month of July, we highlighted a number of key updates in this report. Net credit issued to the private sector maintains positive momentum while growth of consumer lending recorded an all-time high. Loan-to-deposit ratio rises to 82.5 percent as total deposits remain flat. Money supply growth maintains a double digit growth and foreign assets continue to rise on the back of higher oil revenues.
