“We anticipate solid mortgage and retail loan growth, supported by government efforts to meet Vision 2030 targets and strong demand for housing from Saudi nationals. Over the next couple of years, we forecast that mortgage portfolios will expand by about 30 percent a year.”
–S&P Global Ratings, in a note Tuesday. Domestic credit growth in Saudi Arabia is likely to stay strong in 2021-2022, following the sharp 14 percent year-on-year increase in 2020. [Zawya]
