Middle East Economic Survey
VOL. LIII
No 1
4-Jan-2010
SAUDI ARABIA
Resilient Saudi Banking To Adopt Conservative Credit Cycle, NCB Says
The Saudi domestic banking system has shown resilience in 2009 and remained sound, liquid and profitable despite a slump in net profit growth, the National Commercial Bank (NCB) has said in its 2009 nine-month banking report. Though net profit growth decelerated to -7.3% year-on-year this year, the Saudi banking system has shown marked strength and relatively high...
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