Banque Saudi Fransi made the highest quarterly net impairment charge in 2009 for credit losses during the fourth quarter, Reuters has reported. The Saudi affiliate of France's Credit Agricole booked 418.1 million riyals during the fourth-quarter to cover loan losses. This brings to 641.6 million riyals the total amount of provisions Fransi made in 2009 to cover loan losses against 504.3 million riyals in 2008.
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