25.02.2010 - SAAB leads surge in Saudi bank bad debts
From Arabianbusiness.com: SABB led a surge in problem debts at Saudi banks on Wednesday with a 16 fold increase in non performing loans (NPL) to $940.3 million at the end of 2009. Financial statements showed SABB's NPLs rising from $51.65 million at the end of 2008. This means that non performing loans accounted for 4.6 percent of SABB's total loans in 2009, up from near zero percent in 2008.........................................Full Article: Source
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