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10-06-14

Saudi banks invest USD76b in bonds, treasury bills

(MENAFN) Saudi banks have provided their government's bonds and treasury bills with USD76.72 billion to May 2014, of which USD62.83 billion spent on treasury bills and other USD13.91 billion on government bonds, according to Arab News. Saudi banks' investments in bonds and treasury bills reached their highest in April, followed by March investments at USD69.39 billion. In February this year, their investments were estimated at USD65.77 billion, while in January at USD63.26 billion. Saudi banks' investments in government bonds and treasury bills in April were higher by 36 percent compared to the same period last year, which stood at USD56.46 billion.