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Wealth and Asset Management
Risk-aversion boosts Saudi banks’ 2011 profits
Better efficiency spawned by post-crisis risk-aversion policy boosted the combined net earnings of Saudi banks by around 18.4 per cent through 2011 and the income could see no major growth this year. Despite the rise in net profits, the Gulf Kingdom’s financial sector in the main Saudi stock index lost…
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Click here to read the full story: Emirates 247