Saudi Gazette - Saudi bank loan defaults fall to SR16.7 billion in H1

Saudi Gazette - Saudi bank loan defaults fall to SR16.7 billion in H1:

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Stalled loans in Saudi banks have decreased to SR16.7 billion during the first half of this year compared to SR20.4 billion during the same period last year, Okaz Arabic daily reported Saturday.

An economic study on stalled loans and the effect on banks have shown that the stalled loans in the Saudi Investment Bank have decreased from SR1.7 billion to SR345 million only. Al-Jazirah, Inma and Al-Fransi banks were more affected.

Nonetheless, citizens who have stalled in payment of bank loans criticized the way some banks deal with them in demanding settlement of loans in case of delay in payment due to circumstances."

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