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Role of Saudi banks key theme for SME forumThe vital role of Saudi banks is one of the main themes to be discussed at the upcoming Saudi International SME Forum in Riyadh. The event is set to be held on May 28 and 29 at the Four Seasons Hotel. Saudi banks ar More… |
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Saudi banks beat first-quarter profit forecastSaudi Hollandi Bank and Saudi British Bank (SABB) beat estimates for first-quarter net profit, with both lenders attributing the growth in earnings to higher operating income. SABB, Saudi Arabia's fourth-largest listed bank, s More… |
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Saudi banks to deliver solid earnings growthSaudi banks are set to deliver double-digit earnings growth for the next three years, owing to higher credit volumes and cost of risk leverage, which could accelerate further should monetary policy tighten, according to a new study. More… |
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Saudi Banks launches anti-fraud campaignSaudi Banks, a committee of various banks in Saudi Arabia, has launched its fourth anti-fraud campaign under the title, ‘Do not disclose it’ which is aimed to educate its customers and the general public of the different fraud operations More… |
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Saudi banks 'well positioned to ride euro crisis'Saudi Arabia's central bank is not interested in buying distressed or speculative assets such as troubled European debt and gold and the Opec member's banks are well positioned to withstand the euro zone crisis, its head said. The More… |
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NCB sees big Q3 income for Saudi banksLower year-on-year (YoY) provisions will be a key factor behind strong net income growth for Saudi banks in the third quarter of the year, according to a report from NCB Capital, Saudi Arabia’s largest investment bank. However, despite the More… |
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Four major Saudi banks post sturdy Q2 profitsFour major Saudi banks reported quarterly profits that met or beat analysts estimates on Monday, in a sign the kingdom's lenders have begun to rebound from a punishing bout of a bad loan provisioning. Al-Rajh More… |
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Saudi banks in good lending positionSaudi banks are in a good position to extend loans to the private sector thanks to robust capital adequacy ratios, Central Bank Governor Muhammad Al-Jasser said on Tuesday. "Saudi banks capital adequacy ratio is in good position ..banks ar More… |
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Saudi banks set to double lending this yearSaudi Arabia's banks are set to double lending to the private sector this year and see higher profits than last year partly due to government handouts of more than $100 billion, said the top-executive at the country's biggest lender by assets. More… |
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Provisions, lending hit Saudi bank Q2 earningsHSBC's Saudi affiliate SABB bank missed forecasts and two other banks in the kingdom reported sharp falls due to high provisions to counter exposure to troubled Saudi firms and a slowdown in lending. The second quarter results for SABB More… |
