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FINANCIAL NEWS
Assets of Saudi banks hit USD471.3b in Q1: SAMA
26 May 2013
(MENAFN) The Saudi Arabian Monetary Agency (SAMA) announced that assets of the Kingdom’s banks grew by USD10.11 billion in the first 3 months of the year, hitting USD471.3 billion, reported Emirates 24/7.
The central bank said that credit to the private sector increased by USD9.32 billion from the end of 2012, reaching USD274.2 billion, while from a year earlier, it jumped by 15 percent.
Furthermore, deposits with Saudi banks gained USD8.25 billion, to USD343.8 .8 billion.
It is worth noting that Saudi banks continued to keep their position as having the second-largest financial base in the Middle East.
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