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Saudi banks’ profitability pressures to spill over into 2021
Saudi banks witnessed an improvement in profitability in the third quarter of 2020 largely driven by higher lending and lower loan loss provisions. However, analysts expect, Saudi banking sector’s profitability to come under pressure in 2021. The combined impact of COVID-19 and oil prices had softened Saudi banks’ profitability and…
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Click here to read the full story: Gulf News