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FINANCIAL NEWS
Saudi consumer loans grow to 24.8pct
12 Dec 2016
(MENAFN) Consumer loans and credit card finance increased to 24.8 percent of bank loans in Saudi Arabia, which reached SAR1.4tr.
Moreover, consumer and credit card loans reached USD94.59bn in Q3 of this year, up to 0.53 percent compared to Q2.
In addition, consumer lending involves 8 categories, car and personal transport, real estate restoration and improvement, furniture and durable goods and others.
Other consumer loans had the biggest share, as it accounted for 16.35 percent of total loans and reached SAR29.8bn in Q3 of this year.
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