| From Zawya.com: Saudi Arabia has one of the largest and fastest growing banking markets in the Middle East, RNCOS said in its report. Owing to the global turmoil and defaults, the bank credit growth in Saudi Arabia remained stagnant throughout 2009, the report said. However, it is expected that with confidence in the rising global economy, lending growth will recover in 2011 specifically building and construction credit.
It is expected that the building and construction loans will grow at a CAGR of around 17.6 percent during 2010-2013, the report noted...........................................Full Article: Source
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