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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.
More News
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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