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Saudi bank credit almost flat in Oct vs Sept

Riyadh, November 26, 2009

Saudi bank credit growth edged up 0.14 per cent in October compared to September, official data showed on Thursday.

Bank credits stood at SR722.6 billion ($192.7 billion), up from SR721.6 billion in September, the Saudi Arabian Monetary Agency said on its website.

M3, the broadest measure of money circulating, was SR1.04 trillion in October versus SR999.9 billion in September.-Reuters




Tags: Saudi Arabian Monetary Agency | money supply | finance | bank credit |

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