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The opposition is demanding that the economy minister and the governor of the Al-Maghrib bank be summoned to parliament to discuss the implications of raising interest rates.
The monthly bulletin issued by the Central Bank of Saudi Arabia showed that loans provided by Saudi banks and banks to non-financial public institutions and the private sector increased by 15% by the end of August 2022 and reached 2,359 billion rials, compared to 2,049 billion rials. for the same period in 2021
Credit from Saudi banks and banks to the private sector increased by the end of August 2022 to reach 2,241 billion riyals, up 15% from the same period in 2021, according to SAMA.
Loans provided to non-financial public institutions totaled about 117.1 billion rials at the end of August last year, an increase of 26% compared to the same period in 2021.