SAMA chief upbeat on Saudi growth path | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.:
"Saudi Arabia's banking sector registered a robust and steady growth over the past decade unruffled by the financial crisis elsewhere in the world, says a top official.
Fahd Al-Mubarak, governor of the Saudi Arabian Monetary Agency (SAMA), said the assets of commercial banks tripled from SR508 billion in 2003 to SR1.73 trillion in 2012.
The liabilities of the banks grew five fold from SR206 billion to SR999 billion during the same period, Al-Mubarak said.
Al-Mubarak also said the AA- rating given by international credit rating agencies such as Fitch attested to the robust economic performance of the Kingdom."
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