Saudi banks see moderate improvement in margins and return on equity in third quarter: Alvarez & Marsal

Top 10 lenders demonstrate resilience with a 2.9 percent quarter-on quarter (QoQ) increase in operating income, fueled by robust net interest income growth. Moderated credit growth is anticipated in Q4’2023, underscoring a positive economic outlook, driven by non-oil sectors and sustained government spending. Leading global professional services firm Alvarez &…