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Saudi bank earnings aided by lower interest rates, despite liquidity tightening
Net income at banks in Saudi Arabia improved to SAR21.5 billion in 4Q24, compared to SAR20 billion in 3Q24, as interest rate cuts helped boost net interest margins (NIMs), Fitch Ratings says. Lending growth remained strong, and we expect it to continue outpacing Gulf peers' in 2025. Fitch estimates that…
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Source: Fitch Ratings