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KPMG: Despite increase in cost of funds and liquidity constraints, Saudi banking industry reported robust growth in 2022
Total assets grew by 11.5% reaching to SAR 3,832 billion ($1.02 billion). Deposits were up by 8.34%, closing at SAR 2,296 billion ($611.7 million). Overall, the banking industry has continued capturing the benefits of economic expansion. With the global banking industry making headlines in the past weeks, the Saudi banking…
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Source: KPMG