Thursday 17, August 2017 by

MENA Banks: KSA banks: Disciplined approach yielding confidence, momentum and dividends

BofA Merrill Lynch sees an improved outlook for the Saudi banks in to 2H17 and beyond on five core themes including: (1) NIM expansion accelerating on the back of the three rate hikes observed since December 2016, as well as a further four hikes expected over the next 18 months.