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FINANCIAL NEWS
Saudi private sector credit hits USD319.64b
10 Feb 2015
(MENAFN) Saudi loan market continues to show an incease motivated by good business cycle, good credit quality and high fluidity, Arab News reported.
In spite of declining oil prices and regional turmoil in MENA region, investments showed growth by 17 percent in the second quarter 2014.
The yearly growth in private sector credit was 12.6 percent in November 2014, hitting USD319.64 billion, totaling fresh credit extended to the private sector to USD35.29 billion.
However, public sector credit soared by 12.6 percent, which amounted to USD85.21 billion in the period, excluding treasuries and bonds.
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