Tuesday 25 December 2018

Four Charts That Show the Impact of #SaudiArabia's New Mega Bank - Bloomberg

Four Charts That Show the Impact of Saudi Arabia's New Mega Bank - Bloomberg:

Two of Saudi Arabia’s biggest banks are exploring a merger that will dwarf their competitors and could prompt other lenders to combine and fight for market share in the oil-rich kingdom.

The proposed merger of National Commercial Bank and Riyad Bank, the first and fourth biggest Saudi banks, would create an institution with $182 billion in assets. The giant lender could gain an edge against local and foreign rivals in an economy that continues to suffer from tight liquidity following the plunge in oil prices in 2014.

Here is look at the impact of the possible merger in four charts:

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