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FINANCIAL NEWS
Saudi bank deposit up to USD399b in June
04 Aug 2014
(MENAFN) Deposits in Saudi banks boosted to a level high of about USD399 billion in June, which is 744 percent higher than in 1992, according to Arab News.
The Saudi banks pay no interest on USD250 billion, or nearly 63 percent of total deposits, which are categorized as demand deposits.
Al-Eqtisadiyah daily reported that deposits in Saudi banks are grouped into three major types: demand deposits, time (saving) deposits and semi-cash deposits.
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