Saudi Arabia’s private sector loan growth slowed in July 2026, with the year-over-year rate easing to 5.60%, down from 6.80% in June 2026. The figures, updated as of 30 August 2026, reflect a moderation in credit expansion to businesses and households compared with the same period a year earlier.
The current reading compares the change in private sector lending in July 2026 to July 2025, while the previous figure did the same for June 2026 versus June 2025. The deceleration suggests that, on a year-over-year basis, the pace of loan growth to the private sector is losing some momentum as the third quarter begins. Investors and policymakers may view the trend as a signal of cooling demand for credit or a more cautious lending environment within the kingdom’s banking sector.