Tuesday 04, April 2017 by Nabilah Annuar

Saudi banks overcome liquidity crunch but profits falling

The banks came through the period largely unscathed, said Fitch Ratings in a recent analysis, with liquidity coverage ratios recovering and capital strength intact despite a dip in earnings. However, the agency expects profitability to continue declining in 2017, reflecting rising impairment charges and funding costs.

Features & Analyses

Economics Adapting to a new era

  Abdullah Al-Fozan, Chairman of KPMG MESA and KPMG Saudi Arabia, provides an exclusive commentary on the Kingdom’s business… read more