Bank Lending to Private Sector and NFGEs Reaches SAR 3.44 Trillion in February

Surge in Bank Lending in Saudi Arabia

Bank lending in Saudi Arabia reached significant milestones in February, with total loans to the private sector and non-financial government entities (NFGEs) climbing to SAR 3.44 trillion. This figure represents a noteworthy 9% year-on-year increase, according to the latest data released by the Saudi Central Bank (SAMA).

Breakdown of Lending Figures

The private sector alone accounted for SAR 3.19 trillion of the total, marking a robust demand for credit among businesses across various sectors. Detailed figures show that loans granted specifically to NFGEs increased by an impressive 17% year-on-year, totaling approximately SAR 251.9 billion by the end of February.

Comparison with Previous Year

In February of the previous year, lending figures were lower, reflecting a gradual recovery and normalization of economic activities in the region. The latest data illustrates a continued positive trend in the banking sector, reinvigorating hopes for sustained growth.

Yearly Comparison of Bank Loans
| Period | 2025 (SAR Billion) | 2026 (SAR Billion) | Change (%) |
| ----------- | ------------------- | ------------------- | ------------ |
| January | 3,113 | 3,432 | +10% |
| February | 3,148 | 3,443 | +9% |
| March | 3,205 | -- | -- |

The bank's growth reflects the Saudi Vision 2030 initiative, aimed at diversifying the economy and reducing dependency on oil revenue.

Implications for the Banking Sector

The upward trend in lending suggests increased confidence among businesses and investors in the Saudi economy. Economic analysts believe this could result in improved performance across various sectors, enhancing the overall economic landscape.

The data released indicates a proactive approach by banks to meet the financial requirements of the expanding private sector, ensuring a supportive framework for growth as the country moves forward with its long-term developmental goals.