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Saudi banks' investments in gov’t bonds exceed SAR 474bn in October

Saudi banks' investments in gov’t bonds exceed SAR 474bn in October
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Riyadh – Mubasher: The banks operating in Saudi Arabia have invested SAR 474.39 billion in government-issued bonds in October 2021, up 9.9% year-on-year (YoY) from SAR 431.58 billion.

On a monthly basis, the banks' investment in the government's bonds rose by about 1.3% in October 2021, compared to SAR 468.38 billion in September 2021, according to the monthly statistical bulletin published by the Saudi Central Bank (SAMA).

During the first ten months of 2021, the banks' investments in the government's bonds jumped by 8.2%, when compared to SAR 438.37 billion by the end of 2020.