24.03.2010 - Saudi private lending to grow 8pct - Banque Saudi Fransi
From Arabianbusiness.com: Saudi private lending will rise eight percent this year on improved bank liquidity, after stagnating in 2009, Banque Saudi Fransi said. Most of the increase will come in the second half, Banque Saudi Fransi said in an e-mailed report, with borrowers still currently hesitant about seeking credit for new projects. The bank, part-owned by Credit Agricole, predicts the kingdom’s non-oil gross domestic product will grow by 3.7 percent in 2010,..................................Full Article: Source
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