Saudi Arabia Loans Growing Fastest in Persian Gulf: Arab Credit

Saudi Arabian bank lending is climbing the most among the six Gulf Cooperation Council nations this year as growth in the biggest Arab economy accelerates.

Bank credit to the private sector expanded 4.6 percent in the five months through May, according to data from the Saudi Arabian Monetary Agency this week. The rate ranged from a 4 percent drop in Bahrain to a 2.7 percent increase in the other five GCC countries.