Wednesday 25 March 2009

Saudi credit growth still healthy -cbank gov

Saudi Arabia's central bank governor said on Wednesday that credit growth in the oil-exporting kingdom remained healthy.

'There is still very healthy growth in credit,' Muhammed al-Jasser told reporters on the sidelines of a banking conference in Bahrain's capital Manama.

When asked if the kingdom planned to issue government bonds, Jasser said: 'We don't need a government bond issue.'

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