Retail, corporate mortgages surge to SAR 883.3B in Q4 2024

30/03/2025 Argaam Special

Retail, corporate mortgages surge to SAR 883.3B in Q4 2024

Saudi Arabian banknotes

Mortgages provided to individuals and corporate clients by commercial banks in Saudi Arabia increased by 15% to around SAR 883.3 billion in Q242024, from SAR 767.3 billion in the year-ago period.

 

Retail mortgages, which accounted for 77% of the total, rose 12% year-on-year (YoY) to nearly SAR 681.2 billion in Q4 2024, updated data from the Saudi Central Bank (SAMA) showed.

 

Meanwhile, mortgages provided to corporate clients reached about SAR 202 billion in Q4 2024, rising 26% YoY.

 

According to SAMA, consumer loans rose 7% YoY to SAR 471 billion during the three-month period.

 

Consumer loans include renovation and real estate improvement loans, car loans, as well as loans for personal transportation, education, healthcare, tourism, travel, furniture, durable goods, among others.

 

Credit card loans added 16% YoY to SAR 31.4 billion in the fourth quarter of this year, as follows:

 

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