Results point to a challenging year ahead for Saudi banks | GulfNews.com:
"Preliminary results of Saudi banks showed that the profits of the listed banks grew by about 10 per cent to hit 40.2 billion riyals ($10.7 billion) by the end of 2014, compared to 36.6 billion riyals in 2013.
While the fourth quarter numbers were mixed in terms of loan growth, interest and non-interest income, the overall trend points to further pressure on both interest and non-interest income as decline in oil prices likely to adversely impact loan growth and recent banking sector regulations to hurt fee and commission incomes.
Analysts say the year ahead in terms of operating income growth will be challenging for Saudi banks."
'via Blog this'
No comments:
Post a Comment