Ratings agency Moody’s said the outlook for Saudi Arabia’s banking system in 2012 is stable due in part to high capital ratios and an expected decline in problem loan levels which will help boost profitability.
Banks in the world’s top oil exporter are also set to benefit from strong economic growth and more liquidity underpinned by government spending, it said in a report on Monday.
Increasing state reliance on high oil revenue and a lack of corporate transparency pose risks over the longer term.
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