Emirates NBD

2023年5月2日

利雅得4小时9分钟前私人部门信贷增长在沙特阿拉伯2023年3月上升了1.4%,从2022年3月,0.9%的年增长率是10.3% y / y, 2020年2月以来最慢的就Covid-19流行前,根据Emirates NBD研究。私人部门信贷增长在过去的几年中,已经发展到了由强劲的国内需求,因为政府的推进,其经济多样化战略。分解部门的银行信贷增长显示q / q的强劲增长在建筑业贷款,金融与保险、专业服务和公用事业在2023年第一季度。在年度基础上,石油天然气和公用事业信贷增长最快,其次是房地产、金融、保险、和专业的服务。广义货币供应量(m2广义货币供应量增长大幅加速3月增长4.2% m / m,而2月份的1.1%。这是2020年2月以来月度增长速度最快的,而且都是由于狭义货币供应量(M1)的增加以及准钱3月(时间和外汇存款)。在年度基础上,广义货币供应量增长加速至10.0% y / y, 2020年11月以来的最快增长速度,几乎匹配的私人部门信贷的增长。看在商业银行的存款的崩溃,政府和GRE存款似乎还是流动性的主要来源,增加了SR71欧元(190亿美元)在2023年第一季度,相比之下,SR36.8十亿增加商业和个人的存款。2023年第一季度央行资产负债表收缩政府(包括GRE)在中央银行的存款下降3月份SR110.3十亿,m / m下降了-16.9%和-14.7% y / y。在2023年第一季度,政府在央行的存款下降SR94.2十亿,这可能是由于融资本季度预算赤字长期项目开发或转移到其他实体。 Sama’s other miscellaneous liabilities also declined by around SR30 billion in Q1. On the other side of the balance sheet, net foreign assets at the central bank declined $14.2 billion in March to reach $419.1 billion, the lowest level in more than a decade. The total decline in NFAs during the first quarter of the year reached $21.4 billion (SR101.1 billion). Consumer spending grew in Q1 2023 Point of sale (POS) transactions grew 23.7% m/m and 8.7% y/y in March, with the monthly boost in spending likely related to preparations around the start of the holy month of Ramadan – this was the strongest monthly expansion since March last year. The nominal figure will also reflect price inflation and the ongoing rise in the number of POS terminals and shift to cashless payments – digital payments overtook cash in Saudi Arabia for the first time in 2021, rising to 57%. This is up from just 36% in 2019, illustrating the accelerating effect of the pandemic on electronic payments. Overall, consumer spending appears to be relatively resilient. POS transactions plus ATM cash withdrawals grew 4.9% y/y in Q1 2023, almost 2pp ahead of inflation which averaged 3.0% in Q1 2023.-- TradeArabia News Service