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Saudi banks post 7.5pc rise in Q1 net profitSaudi Arabian domestic banks in aggregate reported a 7.5 per cent year-on-year increase (18 per cent quarter-on-quarter growth) in net profit for the first quarter, mainly because of lower interest expenses and provisioning charges, said Moody&r More… |
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Saudi banks’ liquidity improves in 2017: Moody’sAccording to a recent Sama bulletin, Saudi banks’ domestic liquid assets ended 2017 at a record high SR457 billion ($122 billion), despite subdued deposit growth and challenging business conditions, which Moody’s said was a credit po More… |
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Top Saudi banks ‘under pressure to protect profits’Large Saudi banks will protect their profits despite a tough business climate, said Moody’s in a new report, highlighting that lower government could dampen credit demand and weaken corporate and consumer borrowers' ability to repay de More… |
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Saudi banks, bin Laden firms face $4.2bn US lawsuitsA group of United States insurers has hit 10 defendants, including Saudi banks and companies connected with the family of Osama bin Laden, with a $4.2 billion lawsuit over the 9/11 terror attacks. The law More… |
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Saudi banks, bin Laden firms face $4.2bn US lawsuitsA group of United States insurers has hit 10 defendants, including Saudi banks and companies connected with the family of Osama bin Laden, with a $4.2 billion lawsuit over the 9/11 terror attacks. The law More… |
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Saudi banks’ liquidity squeeze eases, says reportLiquidity conditions in Saudi Arabia have eased since the third quarter of 2016 after significant tightening because of falling oil prices, thus hinting at a credit positive for the funding costs of the kingdom's banks, according to leading More… |
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‘Half of top 10 Saudi banks run MobileIron’MobileIron, a standalone enterprise mobility management leader, announced that five of the top 10 Saudi Arabian banks have chosen MobileIron to secure their mobile apps, content, and devices. The security solutions provider made t More… |
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‘Half of top 10 Saudi banks run MobileIron’MobileIron, a standalone enterprise mobility management leader, announced that five of the top 10 Saudi Arabian banks have chosen MobileIron to secure their mobile apps, content, and devices. The security solutions provider made t More… |
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Low deposit growth to impact Saudi banksThe slowdown in deposit growth to 1 per cent in 2015 from 12 per cent in 2014 and the sharp decline in oil prices as wells as a 14 per cent reduction in the 2016 Saudi government budget are credit negative for Saudi banks, Moody's has said. More… |
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Oil price slump to start affecting Saudi banksThe impact of lower oil prices will soon start to weigh on Saudi Arabia's banks, which are likely to see bad loans edge higher by the end of the year, according to Standard & Poor's. Lenders in the kingdom have so far More… |
