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KPMG: Saudi banks post sturdy interim results, without any single domestically significant credit default
Total lending exposure of Saudi banks to the private sector is edging towards a SAR 2 trillion ($533.14 billion) mark. Overall, sector’s net profit, after zakat and tax, rose to SAR 36.28 billion ($9.67 billion) in Q3 2021. Banking sector reported an average decline of 18.3% in ECL to SAR…
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Source: KPMG