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...