Saudi private sector lending rose to 14% in August
- Saudi Arabia: Monday, October 01 - 2012 at 08:56
According to data by the Saudi Arabian Monetary Agency (Sama), the kingdom's M3 money supply growth climbed to 9.7% year-on-year at the end of August after a 9.5% rise in the previous month, Reuters has reported. The increase in bank lending to the private sector accelerated to 14% in August from 13.6% in the previous month. The central bank's net foreign assets reached a record high of SR2.27trn ($605bn) in August, the data showed.
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