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Islamic Finance Briefing - Categorized | Banking, Market Moves, Performance more

Saudi Arabia’s banking sector is stronger

Posted on 10 August 2009

From Arabnews.com: Saudi Arabia’s banking sector is one of the strongest in the Middle East and its strength is based on high profitability, strong liquidity, high capitalization and strict supervision by Saudi Arabian Monetary Agency (SAMA).
Total deposits with Saudi banks grew to SR916 billion at the end of June 2009, since banks tried to attract more deposits as interbank lending tightened, according to BMG Financial Group’s Saudi Banking Sector Review released this week……….Full Article: Source

 
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