FINANCIAL NEWS

Saudi consumer loans boosted 22 pct in Q1

23 Sep 2013

(MENAFN) Local Saudi media said that Saudi volume of consumer loans hit a 22 percent rise reaching USD85.5 billion during April to June, 2013, according to Arab News.

Loans of Real estate rose to USD11.05 billion, while car and equipment loans reached a higher amount of USD16.4 billion.

Saudi Arabian Monetary Agency (SAMA) reported that, in the current year’s first three months, consumer loans reached USD82 billion.

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