banks

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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Russians on Thursday reported some problems with processing payments at major banks after a distributed denial-of-service (DDoS) attack on Russian banks, Russia’s Kommersant newspaper reported. At least one Russian bank was telling…
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Saudi banks’ real estate loan portfolios reached SR800.5 billion ($213.5 billion) in the first quarter of 2024, a 13 percent increase from the same period last year, the latest official data showed. Figures released by the Saudi Central…
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Saudi banks exceed their Gulf Cooperation Council counterparts in terms of risk profiles underpinning their asset quality, according to Fitch Ratings. The credit rating agency said in a statement that there is a strong correlation…
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Saudi banking sector’s loans increased to SR2.68 trillion ($715.56 billion) in April, marking an 11 percent increase compared to the same month in 2023, official data showed. Figures released by the Saudi Central Bank, also known as…
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Net profit of banks in the Gulf Cooperation Council region surged by 10.5 percent year-on-year in the first quarter of 2024 to $14.4 billion, an analysis showed. In its latest report, Kamco Invest said that the bottom line performance of…
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A delay in interest rate cuts by the US Federal Reserve will see Gulf Cooperation Council banks’ profitability remain strong in 2024, according to S&P Global Ratings. This comes as most GCC central banks typically mirror Washington’s…
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Saudi banks’ loans totaled SR2.67 trillion ($711.5 billion) in March, marking an 11 percent increase as compared to the same month in 2023, according to the latest official data. Figures released by the Saudi Central Bank, also known as…
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Saudi banks and the capital market are poised to make substantial contributions alongside the Public Investment Fund in achieving the objectives of Vision 2030, stated a report by S&P Global. The latest analysis by the global rating…
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Saudi banks’ loans totaled SR2.67 trillion ($711.5 billion) in March, marking an 11 percent increase as compared to the same month in 2023, according to the latest official data. Figures released by the Saudi Central Bank, also known as…
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