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Islamic Finance Briefing - Categorized | Banking, Performance more

Saudi banks top GCC financial health chart

Posted on 15 September 2010

From Arabnews.com: Saudi Arabia’s banking system has topped the financial health chart in the GCC and showed more resilience to the consequences of the financial crisis than its peers in the GCC region, thanks to the prudent regulations of the Saudi Arabian Monetary Agency (SAMA) and the well diversified loan portfolio of local banks, KIPCO Asset Management Company (KAMCO) said in its GCC Banking Outlook issued on Tuesday.
The report said the Saudi banks remained adequately capitalized throughout the crisis period……………………………………….Full Article: Source

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