Savings Deposits Surpass Demand Deposits in Saudi Arabia for First Time in 18 Years
Savings deposits exceed demand deposits in Saudi Arabia for the first time in 18 years
Translated by Qiyas from الجريدة — Original source
Time and savings deposits rose by 22.94% year-on-year at the end of last September, increasing by SAR 264.5 billion ($70.53 billion) compared to their value at the end of the same month last year, according to data from the Saudi Central Bank (SAMA).
The value of savings deposits in Saudi Arabia reached SAR 1.417 trillion ($377.93 billion) at the end of September 2026, up from SAR 1.153 trillion ($307.4 billion) at the end of the corresponding month in 2025.
Companies and individuals in Saudi Arabia held savings deposits worth SAR 752.12 billion ($200.57 billion) at the end of last September, compared to SAR 665.14 billion ($177.37 billion) held by government entities.
For the first time in nearly 18 years—specifically since December 2008—the value of time and savings deposits in Saudi Arabia at the end of September 2026 surpassed the volume of demand deposits.
Demand deposits in Saudi Arabia amounted to SAR 1.405 trillion ($374.63 billion) at the end of last September, down 4.9% compared to their value in the same month of 2025, which stood at SAR 1.478 trillion ($394.09 billion).
Notably, the volume of demand deposits reached SAR 1.424 trillion ($379.89 billion) at the end of August 2026, while savings deposits were valued at SAR 1.399 trillion ($373.26 billion).
Demand deposits in the Kingdom at the end of last September were distributed as SAR 1.145 trillion ($305.46 billion) for companies and individuals, and SAR 259.4 billion ($69.17 billion) for government entities.
