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Sama: Saudi credit growth stalls
- Saudi Arabia: Thursday, October 29 - 2009 at 11:15
The Saudi Arabian Monetary Agency (Sama) has said that credit growth in the kingdom almost came to a halt in September compared to August, as banks dealing with a debt crisis of family firms remained cautious, Reuters has reported. Bank credits were almost flat, reaching SR721.6bn in September after SR721.4bn in August, Sama said. Credit growth in August increased almost 2% compared to July.
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StaffThursday, October 29 - 2009 at 11:15 UAE local time (GMT+4)
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