20.01.2011 - Saudi banks 'protected against bad loans'
From Reuters: Saudi banks have taken enough measures against bad loans and are poised for growth as lending in the world's top oil exporter will accelerate this year, the Gulf Arab kingdom's central bank governor said on Wednesday. Most banks in the biggest Arab economy have posted upbeat fourth-quarter results, with several above analysts' average forecasts, after booking provisions in the third quarter. However, credit growth in the kingdom remains in single digits..............................................Full Article: Source
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