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What to watch in Saudi credit crisis

Posted on 19 June 2009

From Reuters: Saudi Arabia is facing a mounting bank lending crisis, with domestic lending stalled in part over concerns that troubles at two key conglomerates will spread and with confidence faltering.

The Saudi Arabia Monetary Agency (SAMA) is expected to further cut interest rates or reserve requirements to kickstart lending, but analysts worry that may not be enough to restore bank confidence………Full Article: Source

 
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