| From Arabnews.com: While the global financial crisis has forced commercial banks in other parts of the world to close expensive branches and look for ways to cut costs, the focus in the UAE and Saudi Arabia has been on finding ways to grow in a high-potential burgeoning market, according to experts.
“Consider that for every 17,000 people in Saudi Arabia there is only one bank branch. To put that in perspective, there are roughly 2,000 people per branch in most European countries,” Julien Faye and Philippe De Backer in a report said..............................................Full Article: Source |