Cash flow rising amid KSA banking boom

  Saudi banks opened 44 branches in various regions of the Kingdom by the end of 2012, raising the total number of branches to 1,696 compared to 1,652 branches by the end of 2011, an increase of 2.6 percent.

A report issued by the Saudi Arabian Monetary Agency showed an eight percent increase in the number of ATMs operating in the Kingdom by the end of December 2012 — from 11, 749 to 12,712 — by the end of the previous year.

The number of equipment at sales points increased by 11 percent from 83,356 to 92,538 during the same period, the SPA reported quoting SAMA.Read more: http://www.arabnews.com/cash-flow-rising-amid-ksa-banking-boom