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FINANCIAL NEWS
Assets of Saudi banks hit USD464b in Jan: CB
28 Mar 2013
(MENAFN) The Saudi Arabian Monetary Agency (SAMA) stated that the combined assets of the country’s banks hit USD464 billion in January from around USD462 billion in December, reported Emirates 24/7.
The central bank said that claims on the private sector jumped by almost 15.9 percent to around USD269.5 billion from about USD232.48 billion at the same period a year earlier.
Meanwhile, claims on the government and other public establishments grew by USD1.33 billion to USD60.22 billion at the end of 2013’s first month.
It is worth noting that assets of the country’s 12 commercial banks at the end of January were almost 62 percent higher than their level at the end of 2007, when they reached around USD286.6 billion.
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