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Saudi banks’ time and savings deposits top $237bnTime and savings deposits in the Saudi banking system reached a record high of SAR889.558 billion ($237 billion) at the end of May 2024, achieving an annual growth rate of 23.4% and an increase of SAR168.789 billion compared to SAR698.436 billio More… |
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Saudi banks’ time and savings deposits top $237bnTime and savings deposits in the Saudi banking system reached a record high of SAR889.558 billion ($237 billion) at the end of May 2024, achieving an annual growth rate of 23.4% and an increase of SAR168.789 billion compared to SAR698.436 billio More… |
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Roshn signs strategic deals with four top Saudi banksRoshn Group, a leading developer powered by Saudi sovereign wealth fund PIF, has signed agreements with four major Saudi banks - Arab National Bank, Bank Albilad, Bank AlJazira and Riyad Bank - that will see them offer a raft of financial serv More… |
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Roshn signs strategic deals with four top Saudi banksRoshn Group, a leading developer powered by Saudi sovereign wealth fund PIF, has signed agreements with four major Saudi banks - Arab National Bank, Bank Albilad, Bank AlJazira and Riyad Bank - that will see them offer a raft of financial serv More… |
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Saudi banks’ net profit up 6% in Q1; non-interest income risesAggregate net income of Saudi banks increased by 6 per cent QoQ to SAR18.7 billion in Q1’24 despite slow growth in net interest income (+0.8 percent QoQ), a report said. Banks were profitable mainly due t More… |
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Saudi bank risk profiles strongest among GCC lenders: FitchSaudi banks typically have the strongest risk profiles among lenders in the major Gulf Cooperation Council (GCC) markets, underpinning their asset quality, according to Fitch Ratings. Fitch’s asset qualit More… |
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Saudi banks funding profiles changing: S&PSaudi banks' funding profiles are changing amid a rapid expansion in lending, notably driven by new mortgages and underpinned by a state-backed push to increase home ownership, S&P Global Ratings said in a report. More… |
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Saudi banks’ residential loans in August surges to $1.9bnThe Saudi banks’ new mortgage lending to houses, apartments and lands registered a solid growth, surging by 31.7% to SAR7.14 billion ($1.9 billion) in August from SAR5.43 billion ($1.4 billion) the previous month, reported Arab News More… |
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Profitability of Saudi Arabia’s biggest banks 'takes a hit' in Q1Profitability of the top 10 lenders in Saudi Arabia in Q1 continues to be affected by slower growth in operating income and higher impairment charges, said leading global professional services firm Alvarez & Marsal (A&M). More… |
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KSA banks need strong funding to meet Vision 2030 goals: S&PThe Saudi banking system has experienced rapid growth over the past few years, primarily driven by mortgages, considering increasing home ownership to 70% is a Vision 2030 objective. At the same time, how More… |
