Tue, Sep 23, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Performance more

Profits fall at more Saudi banks on lending woes

Posted on 15 October 2010

From Aawsat.com: Four of Saudi Arabia’s biggest banks on Wednesday posted bigger-than-expected drops in third-quarter earnings due mainly to lower lending incomes and provisions for non-performing loans.
The majority of Saudi banks have had to book higher provisions for the previous four quarters to cover defaults by some family owned firms……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930