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Saudi public banks report 10% drop in H1 profits
Ten of the 11 publicly traded Saudi Arabian banks reported first-half aggregate profits of SR19.1 billion ($5 billion), down 10% from SR21.2 billion in first-half 2019, said Moody’s Investor Service in a new report. The decline reflects higher loan impairments in anticipation of credit losses and weaker asset quality, a…
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