Saudi banks' deposits shrink as government pulls back funds | Reuters:
Deposits at Saudi Arabian banks have shrunk as the government withdraws emergency funds injected when oil prices slumped, although weak loan demand makes a liquidity crunch unlikely.
Eight of the top 12 Saudi banks reported lower deposits in their second-quarter earnings, released over the past couple of weeks.
Deposits at Alawaal Bank tumbled 19 percent from a year ago to 66.2 billion riyals ($18 billion), the bank said on Monday. Deposits at Bank Aljazira fell 3 percent to 47.8 billion riyals.
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