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Islamic Finance Briefing - Categorized | Banking, Finance, Market Moves more

Saudi money growth slows

Posted on 26 August 2009

From Arabnews.com: The annual growth in Saudi Arabia’s M3 money supply fell for a third month in a row in July to 15.3 percent, as loans to the private sector posted their lowest annual expansion in at least three years.

Bank claims on the private sector, a key indicator of lenders’ confidence in the economy, stood at SR728.84 billion in July, inching up from SR728.7 billion in June, according to data published by the Saudi Arabian Monetary Agency (SAMA) on Tuesday………….Full Article: Source

 
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