From Gulf-times.com: Saudi banks’ lending to the private sector fell for a third straight month in May, official data showed, amid growing concerns over the solvency of some family-owned firms and the local lenders’ exposure to bad debts.
Bank claims on the private sector, a key indicator of lenders’ confidence, stood at 724.87bn riyals ($193.3bn) in May, their lowest level since August, showed the data published on the Saudi Arabian Monetary Agency’s (Sama) website……..Full Article: Source