VOL. XLV
No 43
28-October-2002
SAUDI ARABIA
Saudi Arabias Banks Continue To Improve, Says Capital Intelligence
In its annual review of Saudi Arabian banks published on 11 October, ratings agency Capital Intelligence (CI) said that the sector was amongst the best capitalized in the developing world. Despite a dependence on interest income, the profit picture at most of the kingdoms banks is good and continually improving, notwithstanding a lack of growth in net loans in recent years. An...
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