403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
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.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment