Wednesday 3 September 2014
 
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Saudi Banks

Rising interest rates may revive Islamic commodity deals

A return to an era of higher interest rates could derail attempts by Islamic finance to create alternatives to a short-term funding instrument that has dominated the industry, but which some scholars and regulators want to see replaced.

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Saudi foreign assets soar to record $716bn

Saudi Arabia's central bank said its net foreign assets surged to a record high of SR2.688 trillion ($716.7 billion) in December, up 10.7 per cent from a year ago The kingdom's central bank said the M3 money supply growth slowed

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Saudi banks set for solid performance in 2014

Saudi banks should continue to see strong performance, with ample opportunities for lending provided by a favourable economic outlook, according to a new report. The prospects for Saudi Arabia’s economy are strong due to hig

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Role of Saudi banks key theme for SME forum

The 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

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Saudi banks beat first-quarter profit forecast

Saudi 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

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Saudi banks to deliver solid earnings growth

Saudi 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.

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Saudi Banks launches anti-fraud campaign

Saudi 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

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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

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NCB sees big Q3 income for Saudi banks

Lower 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

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Four major Saudi banks post sturdy Q2 profits

Four 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

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