Bank credit extended to the public and private sectors in Saudi Arabia continued its upward trajectory, reaching a record high of around SAR3.335 trillion ($888.9 billion) by the end of February.
Saudi Arabia's bank credit growth slowed to 0.7% month-on-month in January, below the 1.2% average expansion typically seen in the month over the past four years, said a report. Retail lending surged by 5.1% year-on-year, outpacing corporate lending, which increased 14.9% from a year earlier.
