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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia Private Bank Lending YoY climbed to 13.4% in December 2024
FMPMonthlyReleased January 2025
Saudi Arabia Private Bank Lending YoY climbed to 13.4% in December 2024, released January 2025, up 0.7% from November's 12.7% reading. The reading matched the 12.8% consensus. The print is running well above the 12-month average of 11.58%. Over the past 3 months, Private Bank Lending YoY averaged 12.73%, vs 11.9% in the prior 3-month window. Private Bank Lending YoY is now the highest in 15 months.
Latest Release
13.4
Actual
12.8
Consensus
12.7
Previous
Median Absolute Error
±0.24 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: 12.93
Actual: 13.4
Error: -0.47
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Private Bank Lending YoY (Saudi Arabia) was reported at 13.4% in January 2025. This beat the market consensus of 12.8% by 0.6%. The reading rose from the previous value of 12.7%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 12.73%, up from the prior three at 11.9%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 0.24%.
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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Private Bank Lending YoY - SA
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About Private Bank Lending YoY — Saudi Arabia
DEFINITION
Private Bank Lending YoY is a financial indicator that measures the year-over-year change in the amount of loans and credit extended by private banks. This indicator provides insight into the overall health and growth of the private banking sector, as well as the availability of credit for businesses and individuals. It is often used by investors and economists to assess the strength of the economy and make informed financial decisions. A positive YoY change in private bank lending indicates a growing economy, while a negative change may suggest a slowdown.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2024): actual 13.4 %, consensus 12.8 %. Prior reading (Dec 2024): 13.4 %. Before that (Nov 2024): 12.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - SA Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:50 | SA | GDP Growth Rate YoY | -4.8 | 3 | 3.8 | -0.50 | Medium |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | SA | Bank Lending YoY | 6.8 | 6.6 | 7.1 | 6.95 | Low |