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Saudi Arabia: Well banked, but low loan take-upWhile the current account penetration in Saudi Arabia’s retail banking sector is high at 98 per cent, only 25 per cent of consumer banking customers have a personal loan, Morgan Stanley said in a research paper. The low use More… |
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Kuwait tightens consumer loan rulesKuwait said banks cannot lend consumer borrowers more than the equivalent of 40 per cent of their salary in an effort to control money supply, the state-owned Kuwait News Agency reported on Monday. For those on pensions, the equivalent is More… |
