banking sector

UAE-based banks attracted over 54 billion dirhams ($14.7 billion) in short-term deposits during the first five months of the year, marking an 8.9 percent increase from December 2023, official data showed. According to the latest data…
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Saudi Arabia’s top 10 listed banks saw an annual surge in earnings of 17 percent in the second quarter of 2024, to reach SR19.54 billion ($5.21 billion). According to data from Bloomberg, Saudi National Bank reported the highest net…
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Saudi Arabia’s banking sector loans increased to SR2.75 trillion ($733.82 billion) in June, marking an annual 11.35 percent rise, official data showed. An analysis released by the Saudi Central Bank, also known as SAMA, revealed that…
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Saudi banks’ money supply rose 9 percent in June compared to the same month of 2023 to reach SR2.9 trillion ($773 billion), official data showed. According to figures released by the Saudi Central Bank, also known as SAMA, the increase…
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Trade between Saudi Arabia and Brazil is poised to expand following a new agreement between their banks aimed at boosting cooperation and increasing non-oil exports. The memorandum of understanding, signed by Saudi EXIM and the Brazilian…
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Saudi Arabia’s digital banking has achieved a significant advancement after a leading bank introduced artificial intelligence technology, significantly enhancing its operational efficiency and customer experience. Riyad Bank announced on…
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The Saudi banking sector is poised to witness an earnings rise in the second quarter of 2024, with an anticipated 9 percent annual growth, a financial analyst has forecast. In an interview with Al Ekhbariya, Hussein Al-Attas voiced…
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Loans by Saudi Arabia’s banking sector increased to SR2.72 trillion ($726.44 billion) in May, marking an annual 11.14 percent rise, official data showed. Data released by the Saudi Central Bank, also known as SAMA, showed that corporate…
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A robust oil and gas sector, high interest margins, and fintech innovation will help drive banking sector growth across the Gulf Cooperation Council region in 2024 and beyond, according to a new report. Analysis by global management…
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Global banking firm Mizuho Financial Group has begun the process of establishing its regional headquarters in Riyadh by submitting an application to the Kingdom’s Ministry of Investment. The Tokyo-based company confirmed that it has…
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