Saturday 02, March 2013 by Robin Amlôt

NCB expects Saudi credit growth to moderate

According to National Commercial Bank’s (NCB) latest Saudi Economic Review, macroeconomic conditions remain supportive of the Saudi financial system with non-oil GDP expected to grow over eight per cent this year following 7.5 per cent in 2012, driven by the benefits of economic diversification and vast projects sourced by record oil revenues.

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