Comment & Analysis
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Strong capital base gives SABB buffer against pandemic shock
The Saudi British Bank (SABB) recorded an accounting loss for the first half of 2020 following an impairment in goodwill totaling SR7.41 billion ($1.97 billion). This impairment is a one-time, noncash accounting charge which has not resulted from the bank’s operations. It does not affect SABB’s capital, liquidity, or funding,…
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Click here to read the full story: Arab News