2Q 2023 Investor Presentation
Banking Sector Highlights | Banking system deposits growth outpaced loans growth in 1H2023
Recent Developments
Deposits growth in the banking system during first half outperformed
loans growth
SAMA LDR (%) & Bank Loans and Deposits (SARmn)
77.1%
75.0%
79.5%
81.5%
2,349 2,295
2,0592,104
•
SRC benchmark rate remains unchanged since the latest change in
March 2023
1,943
1,796
1,783
1,552
•
Consumer spending increased by 8.9% in 1H2023 with continuous
migration to cashless payment methods
Retail Mortgage (SARbn)
78.7%
2,471 2,440
2019
2020
2021
2022
2Q 23
I Loans to private & public sectors
Source: SAMA
Total Deposits
SAMA LDR
POS/ATM & E-Commerce (SARbn)
1,237
59.1%
1,130
1,039
123
1,025
41.2%
41.4%
74
10
39
23.3%
288
19.1%
357
473
559
658
15.7%
75
550
567
302
446
741
315
629
582
555
198
140
281
2018
2019
2020
2021
2022
1Q 23
2019
Retail Mortgage loans (SARbn)
YoY Growth (%)
2020
■ATM withdrawls
2021
2022
1H 23
POS spending
E-Commerce Spending
Source: SAMA
Source: SAMA
2Q 2023 Investor Presentation
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