11.10.2010 - Saudi banks keep silent on 'mild earnings performance'
From Gulfnews.com: Saudi Arabian banks are expected to post "mild earnings performance" for the third quarter of this year as they focus on minimising risk, analysts said. Recent statistics showed that additional profit in August was 2.7 billion riyals, a 4.4 per cent decrease from the previous month, bringing July and August combined profits to 5.4 billion riyals. This is 78 per cent of aggregate earnings posted by Saudi banks in the second quarter, data collated by analysts at Dubai-based Shuaa Capital show...........................................Full Article: Source
Print