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Saudi banks spur loss provisions; exposure ‘manageable’, says S&P

Posted on 23 July 2009

From Saudigazette.com.sa: Two large Saudi banks sharply increased provisions for loan losses during the second quarter, official data showed on Wednesday, amid concerns over the solvency of some debt-laden private Saudi firms.
Banque Saudi Fransi booked SR120 million ($32 million) in provisions for loan losses during the second quarter, according to data released on the Saudi stock exchange………Full Article: Source

 
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