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Saudi lenders among most liquid in EEMEA
- Saudi Arabia: Monday, September 24 - 2012 at 08:46
According to a report by Credit Suisse, Saudi Arabia's six major lenders Al Rajhi Bank, Arab National Bank, Banque Saudi Fransi, Riyad Bank, Samba and SABB, are set to record an average net income growth of 17% in 2013-15, Saudi Gazette has reported. Based on liquidity, funding profile, capitalisation, asset quality, book formation, earnings momentum, dividend growth potential and profitability, the Saudi banks rank high on every one of these aspects versus other banks in the Mena region, the report said. "Given Sama's strict guidelines, we are not surprised to find that Saudi banks are some of the most liquid banks within EEMEA. Not only are they required to deploy substantial funding into liquid assets, but their dependence on wholesale funds is by far the lowest across the region," the report said.
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