3Q 2023 Investor Presentation
Banking Sector Highlights | Banking system deposits growth outpaced loans growth in 9M2023
Recent Developments
Deposits growth in the banking system during first eight months is in
line with loans growth
SRC benchmark rate slightly increased in August 2023
SAMA LDR (%) & Bank Loans and Deposits (SARmn)
77.1%
75.0%
79.5%
81.5%
79.7%
2,349 2,295
2,544 2,455
2,0592,104
1,943
1,796
1,783
1,552
•
Consumer spending increased by 7.2% in 8M 2023 with continuous
migration to cashless payment methods
Retail Mortgage (SARbn)
2019
2020
I Loans to private & public sectors
Source: SAMA
POS/ATM & E-Commerce (SARbn)
2021
2022
Total Deposits
Sep-23
SAMA LDR
1,237
59.1%
1,130
1,039
123
1,025
41.2%
41.4%
74
985
10
39
116
23.3%
288
357
473
559
15.7%
15.7%
456
550
582
446
741
629
315
582
555
412
198
140
2018
2019
2020
2021
2022
2Q 23
Retail Mortgage loans (SARbn)
YoY Growth (%)
2019
2020
■ATM withdrawls
2021
POS spending
2022
E-Commerce Spending
9M 23
Source: SAMA
Source: SAMA
3 Q2 0 2 3 Investor Presentation
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