Riyadh – Saudi Arabia recorded a 26% year-on-year (YoY) enhance within the complete financing portfolios of finance corporations to SAR 68.12 billion in 2021, in comparison with SAR 54.13 billion.
The financing portfolio included SAR 42.49 billion from non-real property finance corporations and SAR 25.63 billion from actual property finance corporations.
This announcement was printed within the Saudi Central Financial institution’s (SAMA) second annual report on the efficiency of the Saudi financing sector.
In the meantime, the worth of latest financing disbursed by finance corporations jumped by 47% YoY to SAR 25.40 billion over the past yr.
The belongings of the Kingdom’s actual property financing and refinancing corporations rose by 26% to SAR 66.95 billion in 2021, in comparison with SAR 53.1 billion in 2020.
As well as, the mixed web revenue of finance corporations amounted to SAR 1.9 billion in 2021, up 114% on an annual foundation.
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