Retail Banking
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Balance between Saudi bank deposits and loans turns negative for the first time since at least 2013
Growth in Saudi banks’ aggregate credit to the private and public sectors slipped to 14.1 percent in May year-on-year, down from 14.7 percent in April, the most recent data from the Saudi Central Bank revealed. As for banks’ deposits, the rate of annual growth also slowed to 8.9 percent in…
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Click here to read the full story: Arab News