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Bank lending to private sector grows 6.9pct in Saudi Arabia

Posted on 06 June 2011

Private sector credit has continued to track higher, albeit gradually, as the Kingdom’s well-capitalized and liquid banks respond to increasing demand from an expanding private sector. Despite regional political upheaval, Saudi firms have boosted purchases, built up stocks and taken on new staff.
However, they have also reported rising input costs, which are likely to feed through into higher inflation as we move through the year, the Riyadh-based Samba Financial Group said in its Economic Monitor for June released on Saturday……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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