Riyadh — Credit card loans by Saudi banks hit a record high of SR30.27 billion ($8.07 billion) in the third quarter of 2024, marking a significant 14.24 percent increase compared to the same period last year, according to data released by the Saudi Central Bank (SAMA). The surge in credit card borrowing reflects evolving consumer […]
RIYADH: Saudi banks recorded a significant 21 percent year-on-year increase in credit card loans during the second quarter of 2024, with the total reaching SR30.04 billion ($8.01 billion), according to data released by the Saudi Central Bank (SAMA). This figure represents the highest quarterly increase on record and the most substantial annual growth observed in […]