VOL. XLV

No 8

25-February-2002

SAUDI ARABIA

Moodys Approves Saudi Focus OnRetail Banking

Saudi Arabian banks heavy focuson developing retail/consumer banking, driven by a commensurate growth indemand for such products and services is viewed in a positive light by theratings agency Moodys Investors Service, according to the latest BankingSystem Outlook for the country authored by Mardig Haladjian. According tothe report, growth in this area will help the banks develop strong relationships,making...