Saudi banks face further deterioration in operating conditions | GulfNews.com:
"The world’s leading credit rating agencies and banking sector analysts expect a further deterioration in the operating conditions of Saudi banks, leading to lower profits, a squeeze on funding and weakening asset quality across the sector.
According to Moody’s, the planned moderation in public spending in Saudi Arabia will be credit negative for banks as it will slow credit growth, tighten funding and weaken asset quality.
However, the robust liquidity and profitability of Saudi lenders and their capital buffers will enable them to moderate these pressures, the rating agency said."
'via Blog this'
No comments:
Post a Comment