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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Saudi banks sound bright note in Q4

Posted on 13 January 2011

From Arabianbusiness.com: Three Saudi lenders including Banque Saudi Fransi posted fourth-quarter earnings above forecasts, kicking off the sector’s earnings season on a bright note after uncertainty over provisions.
Provisions for bad loans to cover a fallout from family firms hit the profits of lenders in the top oil exporter and biggest Arab economy in previous quarters……………………………………….Full Article: Source

 
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