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Top Saudi bank books more bad loan provisionsSaudi Arabia's second-biggest lender Samba Financial Group added more provisions for loan loss during the second quarter, although these fell 41 per cent year-on-year, bourse data showed on Saturday. The much-smaller Saudi Investment B More… |
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UAE bad loan provisions surge to $9.3 billionUAE banks saw provisioning levels for non-performing loans rise 2.4 per cent to Dh34.4 billion ($9.37 billion) in March compared to the previous month reaching their highest level since at least December 2008, data showed. UAE ba More… |
