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Saudi banks increase loan loss provisions

Posted on 24 July 2009

From Gulfnews.com: Two large Saudi banks sharply increased provisions for loan losses during the second quarter, official data showed yesterday, amid concerns over the solvency of some debt-laden private Saudi firms.

Banque Saudi Fransi booked 120 million Saudi riyals (Dh118 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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