JEDDAH: Saudi Arabia’s bank lending growth to the private sector slowed to 12.2 percent year-on-year in November from 15.7 percent in the previous month, which was the fastest rate since May 2013, central bank data showed.

Money supply (M3) growth eased to a five-month low of 12.3 percent from 14.7 percent in October, which was the highest rate since July 2013.

The central bank’s net foreign assets edged down to SR2.746 trillion ($732 billion) from SR2.753 trillion in October.

They were up 2.6 percent from a year ago, the slowest growth since March 2010.