Saudi Banks Lending Hits Record $850 Billion Fueled By Corporate Demand

Saudi banks extended a staggering SR 3.2 trillion (approximately $849.7 billion) in loans by June, reflecting a sharp 15.8 percent year-on-year increase driven by robust corporate borrowing. The surge supports regional economic ambition and Vision 2030 projects, indicating heavy investment in infrastructure, energy, and diversification sectors. While corporate demand underpins this volume, banks must manage credit risk amid uncertain global energy prices. The spike in lending also enhances liquidity flow into the private sector, potentially accelerating GDP growth. Analysts will monitor non-performing loans and exposure to volatile sectors like oil.