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KSA’s bank lending up 1.3% in May: report

: Saturday, July 05 - 2014 @ 03:50

According to a study by Saudi Arabia’s Jadwa Investment, bank lending to the kingdom’s private sector climbed 1.3% in May, lifting the year-on- year rate to 12.1%, Arab News has reported. Stronger lending is boosting bank profits which continued to score long-term records in May. Profits for the first five months of the year were 16% higher than they were in the same period of last year, the report said.

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Saturday, July 5- 2014 @ 3:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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