Riyadh, March 13, 2025 — The total bank credit granted to both the public and private sectors in Saudi Arabia has reached a historic milestone, soaring to SAR 3,005,946 million by the end of January 2025. According to the latest monthly statistical bulletin released by the Saudi Central Bank (SAMA), this significant figure reflects robust annual growth of 15%, marking an increase of over SAR 348,219 million compared to the same period in 2024, when total bank credit stood at SAR 2,621,726 million.
This substantial rise in credit highlights the growing confidence in Saudi Arabia’s economy, as well as the financial sector’s role in supporting the nation’s development goals. In addition to the impressive annual growth, the total bank credit also recorded a monthly increase of 2% by the end of January 2025, rising by approximately SAR 50,395 million compared to December 2024, when the figure was SAR 2,955,550 million. This steady upward trend underscores the continued demand for financing across various sectors and signals a strong, stable economic trajectory.
The credit granted was spread across more than 17 diverse economic activities, contributing significantly to various industries such as manufacturing, construction, services, and trade. This wide distribution of credit serves as a testament to the ongoing diversification of Saudi Arabia’s economy, which is a key component of the Kingdom’s Vision 2030 objectives. By supporting a broad range of sectors, the increased credit is helping to drive sustainable and inclusive economic growth, fostering an environment where both public and private enterprises can thrive.
The surge in bank credit is also indicative of the Kingdom’s broader efforts to strengthen its financial infrastructure and support long-term economic development. As Saudi Arabia continues to push forward with its Vision 2030 reforms, access to financial resources remains essential in facilitating innovation, creating jobs, and enhancing the competitiveness of its private sector. With such robust financial backing, Saudi Arabia is poised to continue its path towards becoming a global economic leader, while ensuring sustainable growth and prosperity for its citizens and businesses alike.
