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Saudi bank assets up USD9.1bn
- Saudi Arabia: Thursday, December 12 - 2002 at 08:37
The total assets of the Saudi commercial banks have risen by USD9.1bn to USD133.9bn over the past year, reported AFP. At the end of October liquidity reached USD98.1bn, up 4.5 per cent on the previous month. The Saudi Arabian Monetary Agency also pointed to an 11.4 per cent growth in money supply, largely down to the repatriaton of funds since 9/11.
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Peter J. CooperThursday, December 12 - 2002 at 08:37 UAE local time (GMT+4)
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This article was updated on Sat Jan 11 2003.
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