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Alahli bank

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Top 10 Saudi Banks Show Bullish Recovery in Profitability
December 21st, 2020 - 09:30 GMT

Top 10 Saudi Banks Show Bullish Recovery in Profitability

Saudi Arabia’s top 10 banks have shown signs of improvement in profitability, as lenders saw an increase in operating income and a reduction in provisions, according to a new report published on Sunday. Net interest margins continued to decline reaching multi-year lows, while loans and advances grew at a faster pace despite the challenging economic circumstances, as the Kingdom’s easing of lockdown measures contributed to growth in lenders’ income levels ...
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