Deposits in banks to top $150 billion. Deposits are growing significantly. Lending is at a slower pace

Resident and non-resident deposits in commercial banks increased by more than $3.5 billion in the first half of 2015, to reach more than $148 billion, compared to an increase of around $3 billion for the same period last year, according to Bank Audi estimates.

"Deposits are growing at a better pace than the same period last year," said Marwan Barakat, Head of Research at Bank Audi. With an annual increase of an average of seven percent, deposits are expected to reach around $152 billion ...

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