Sheetal Kothari
Saudi banks most profitable in Middle East
Fri, 2012-09-28 10:12 — newsdeskAfter a ranking of the top 50 banks in the Middle East by assets for the period H1 2011 it became clear that Saudi banks are leaders in profitability. Throughout the period they have been maintaining strong asset quality and adapting adequate lending practices and underwriting standards. As the main reason for the success of Saudi banks the traditional conservative fiscal polices together with the billion-dollar government budget are pointed out.
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