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SAMA report highlights improving financial stability in Saudi Arabia

Published: Updated:

The report of the Saudi Arabian Monetary Agency (SAMA) revealed an improvement in key indicators in the Saudi economy. The data published by SAMA in the Financial Stability Report included non-performing loans to the construction, construction and trade sectors at 3.7% and 2%, respectively last year, while non-performing loans in the consumer sector remained at low levels below 1%.

SAMA said non-performing loan rates in the three sectors are still below their levels in 2012, due to improved overall exposures until late 2014.

The Financial Stability Report also showed that the ratio of provisions to non-performing loans rose to 177% last year, compared with 164% a year earlier.