14.03.2012 - Saudi banking sector set for continued growth
NCB Capital expects that loan growth for Saudi banks to continue strong in 2012 as they focus on retail lending. In its new report issued today, NCB Capital believes that government spending and bonus salaries in 2011 will have a “recurring effect” on banks' balance sheet growth in 2012. NCB Capital expects the bottom line this year to be driven by volume growth and non-interest income...............................................Full Article: Source
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