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FINANCIAL NEWS
Saudi Arabia reports 16% rise in April bank credit
30 May 2013
(MENAFN) Jadwa Investment announced that Saudi bank credit jumped by 16 percent in April, from 15.4 percent in March, reported Emirates 24/7.
Jadwa added that high public spending is projected to continue to boost credit growth through 2013.
The Riyadh-based company said that year-to-date, bank credit rose by 5.1 percent last month from 5.6 percent in 2012’s same period, meanwhile, in nominal terms, net credit issued year-to-April grew to USD13.06 billion from USD12.23 billion.
It is worth noting that year-to-April, total claims on the private sector went up by 5.6 percent, while from 2012’s same period, they climbed by 16 percent.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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