Saudi banks’ net profits surge 7.5% to $1.4bn: SAMA

Saudi banks’ net profits surge 7.5% to $1.4bn: SAMA

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RIYADH: In the backdrop of a looming global banking crisis, Saudi lenders continue to maintain strong credit growth driven by corporate loans. This has helped banks operating in the Kingdom record an aggregate year-on-year net profit of 7.5 percent to SR5.18 billion ($1.38 billion) in February…

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