SAMA’s assets rose to SAR1.943tn on monthly basis

SAMA’s assets rose to SAR1.943tn on monthly basis

The Saudi Arabian Monetary Authority (SAMA) assets rose to SAR1.943tn on a monthly basis while Bank lending to the private sector rise to SAR1.487tn in August.

Assets rose to SAR1.943tn at the end of August, compared with SAR1.932tn in the previous month, July, with an increase of SAR11.6bn, up by 0.6%, monthly data of SAMA, revealed.

SAMA’s monthly data showed the decline in assets on an annual basis by about SAR9bn, while it was SAR1.952tn in August last year.

Total assets of the banking system at the end of August rose to SAR3.885tn, compared to SAR3.803tn at the end of August last year, up by 2.2%.

The data revealed that the value of bank liabilities from the government rose to SAR365.3bn, compared with SAR290.7bn in August last year.

On an annual basis, bank lending to the private sector rose to SAR1.487tn, compared to SAR1.451tn in the corresponding period of last year, and compared to SAR1.484tn in the previous month.