Saudi Arabia: Saudi Arabia Finance Profile 2012
2012/03/30
Saudi Arabia Finance Profile 2012
Saudi Arabia is one of the world's fastest rising banking markets. Commercial banks that are operating in the aggressive environment are likely to be well-organized in close future in the region amid technological developments and government favorable policies. Even in the rouse of global financial turmoil, Saudi Arabian banking industry registered remarkable year on year positive growth results.
According to our latest research, regardless of unfavorable economic conditions, Saudi Arabia banks sustained to expand their lending activities. The banks sustained to lend to the enterprises as well as households. Total credit extended (to households and non-financial organizations) by the Kingdom’s banks is expected to increase around 7% in 2010. The private sector dominates the Kingdom’s banking sector and accounts for the bulk of credit extended as well as deposits received.
Further, regardless of the fact that, the country was least touched compared to other parts of the world, central banks and other private bodies in the Kingdom are taking many proactive measures to avoid any kind of discrepancies in future. In the other hand, numerous banks are investing money and maintaining liquidity through various measures to increase the confidence level of consumers.
News and Reports:
Saudi opening stock market for direct foreign investment
Commercial Banking Report Q1 2011
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