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Saudi bank loans growth set to exceed 10pct

Posted on 13 April 2012

Banking loans are predicted to grow in Saudi market by more than 10 percent in the current year due to growth of deposits at steady rates, according to financial experts.
Financial expert Walid Al-Subaei said growth of loans rested on continuity of the Kingdom as one of key drivers of banking sector growth on predictions that the Kingdom’s gross domestic product (GDP) will grow by 6.8 percent in 2012………………………………………..Full Article: Source

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