VOL. XLV

No 14

8-April-2002

SAUDI ARABIA

S&P Calls SaudiBanks Most Profitable In The Gulf

Ratings agency Standard and Poors (S&P) said inits Bank Industry Risk Analysis: SaudiArabia published on 3 April that it considers Saudi banks among thelargest, most profitable, and best capitalized financial institutions in theGulf region. The agency cites wide margins, good efficiency, low costs andcheap deposits as having contributed to average annualized ROA and ROE as at 30September 2001 of...