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Rising provisions take toll on Saudi bank profits in first half of 2020
Rising loan loss provisions adversely impacted profits of Saudi Arabia’s banks in the first half of 2020 despite an improvement in loan growth and total revenues, according to rating agency Moody’s. Ten out of the 11 publicly traded Saudi Arabian banks reported first-half aggregate profits of 19.1 billion Saudi riyals,…
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Click here to read the full story: Gulf News