Complex Made Simple

Saudi lenders report lower loan defaults in H1

Saudi banks have recorded a decline in stalled loans to SR16.7bn during the first half of this year, compared with SR20.4bn during the same period last year, Saudi Gazette has reported. The Saudi Investment Bank saw stalled loans fall from SR1.7bn to SR345m, while Al-Jazirah, Inma and Al-Fransi banks were more affected, the report said.