Saudi bank lending hits $827bn in March, fastest growth in over 3.5 years
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent year-on-year increase.
According to data from the Saudi Central Bank, also known as SAMA, this represents the highest annual rise in three years and eight months.
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