26.10.2009 - Saudi banks' exposure 'secrecy' worries investors
From Tradearabia.com: Saudi banks booked more provisions for bad loans during the third quarter but a veil of secrecy over the level of their exposure to troubled private firms is keeping investors guessing over their adequacy. Stock exchange data showed that five Saudi banks booked more provisions for loan losses in the quarter, raising by at least 183 per cent their total amount this year compared to the first nine months of 2008..........................Full Article: Source
Print