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GCC banks’ credit seen surging to $766b in 2012
Bank lending in the GCC is set to stabilise further in 2012, with credit growth forecasted at 10 per cent and hitting $766 billion as provisioning drops further, leading analysts said. Following the bottom-line growth rates of nine per cent and 16 per cent in 2010 and 2011 respectively, analysts…
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Click here to read the full story: Khaleej Times