Saudi Arabia’s liquidity stands at SAR1.79 trillion

08/10/2015 07:48 AST

Liquidity in Saudi Arabia expanded by seven per cent or SAR117.5 billion at the end of August to stand at SAR1.797 trillion compared with SAR1.679trn in the same month last year. The annual rise in liquidity is mainly driven by the higher value of call deposits, which surged by SAR115.3bn, according to data compiled by Al-Eqtisadiah.

The data indicates that call deposits are the most important factor in pushing local liquidity up and they provide evidence on the Saudi banking system’s ability to expand lending.

Citing data by the Saudi Arabia Monetary Agency, the newspaper says cash circulated outside the banking system edged up by 1.6 per cent, adding SAR16.6bn to local liquidity.

June saw the highest level of liquidity this year at SAR1.82trn, while January recorded the lowest at SAR1.7trn, the figures show.

Month-on-month, the data indicates the liquidity dipped by 0.6 per cent in August when compared with the SAR1.8trn reported in July.


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