Jadwa’s November 2014 Chartbook shows bank lending to the private sector recorded its highest year-on-year growth at 13.2 percent and noted that economic data was positive for September.
“Bank lending to the private sector recorded its highest year-on-year growth at 13.2 percent, the highest since November 2013,” Jadwa Investment said, noting that generally “economic data was positive for September, with the non-oil PMI expanding at its fastest rate since June 2011. Consumer spending remained robust with high year-on-year growth in both point of sale transactions and cash withdrawals from ATMs.”
Jadwa is a well-regarded, Shariah-compliant, investment firm based in Riyadh, Saudi Arabia.
