Riyadh-Mubasher: The loans offered to development projects by government institutions reached nearly SAR 58.1 billion in 2014, rising 21.3% compared with 2013, according to a report by Saudi Arabian Monetary Agency (SAMA).
A total of SAR 18.5 billion loans were paid off last year, with a decline of 29.7% compared with 2013.
The outstanding loans rose by 14.6% year-on-year to SAR 310.9 billion, the report stated.
The loans offered by Saudi Industrial Development Fund (SIDF) jumped by 39.3% y-o-y to nearly SAR 5.7 billion in 2014.
Source:
Mubasher