SR364b Debt to Banks

ABHA, 9 April 2003 — Debts owed to banks by the government and private sector rose to SR364.1 billion in February compared to SR319.7 billion in the same period last year, a Saudi Arabian Monetary Agency (SAMA) report said. Government debt amounted to SR165.7 billion in February compared to SR129.6 in the same period last year. Private sector borrowings increased to SR198.4 billion from SR190 billion, Al-Watan daily said quoting the report.