Saudi- Bank lending M3 growth slows
(MENAFN- Arab News) JEDDAH: Saudi Arabia's bank lending growth to the private sector slowed to 12.2 percent year-on-year in November from 15.7 percent in the previous month which was the fastest rate since May 2013 central bank data showed.
Money supply (M3) growth eased to a five-month low of 12.3 percent from 14.7 percent in October which was the highest rate since July 2013.
The central bank's net foreign assets edged down to SR2.746 trillion ($732 billion) from SR2.753 trillion in October.
They were up 2.6 percent from a year ago the slowest growth since March 2010.
Money supply (M3) growth eased to a five-month low of 12.3 percent from 14.7 percent in October which was the highest rate since July 2013.
The central bank's net foreign assets edged down to SR2.746 trillion ($732 billion) from SR2.753 trillion in October.
They were up 2.6 percent from a year ago the slowest growth since March 2010.
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