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Non-performing bank loans in Saudi Arabia reach SR33 billion
An economic report revealed that non-performing loans with Saudi banks rose to SR32.9 billion by the end of the second quarter of this year. The cumulative balance of provisions amounted to SR51.1 billion, bringing the coverage rate for the entire sector to 155.6%. The banks wrote off SR3 billion of…
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Click here to read the full story: Saudi Gazette