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Sunday, 16 October 2016

Saudi Bank Stress Builds as Kingdom’s Cash Injection Falls Short - Bloomberg

Saudi Bank Stress Builds as Kingdom’s Cash Injection Falls Short - Bloomberg:

"Saudi Arabia has work to do to ease pressure in the kingdom’s banking system.
The interest rate banks charge one another for loans rose by the most since August on Sunday, extending a trend that’s slowing earnings and corporate borrowing in the world’s biggest oil exporter. The increase is defying the central bank, which has sought to ease the cash crunch by relaxing lending limits, offering new borrowing facilities and injecting funds into the financial system, including 20 billion riyals ($5.3 billion) pledged Sept. 25."



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