Riyadh – Mubasher: Loans issued by the Saudi Arabian Monetary Authority (SAMA) decreased 1.07% year-on-year in July 2017 to SAR 1.413 trillion, compared to SAR 1.428 trillion in July 2016, data released by SAMA showed.
On a monthly basis, the Saudi authority’s loans edged up 0.14%.
Short-term loans, which last less than one year, made up the largest stake of the loans, despite witnessing a drop by 3.64% and reaching SAR 713.54 billion by the end of July 2017, compared to SAR 740.48 billion in the year-ago period.
Year-on-year, the long-term loans, which last for over three years, surged 9.27% to SAR 447.74 billion in July, from SAR 409.74 billion.
Meanwhile, medium-term loans, which last from one to three years, retreated 9.46% reaching SAR 252.28 billion in July 2017, compared to SAR 278.65 billion in the corresponding month in the year before.
