Browsing Tag
Banks
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SAMA reports that Saudi Arabia’s banks collectively recorded a 23% increase in profits to $1.98 billion in March.
The report highlights that the SAMA's investments in foreign securities declined by more than 8% year-on-year in March to around SR1.02 trillion.
The long-term issuer default ratings of eight Saudi banks have been upgraded to ‘A-‘ by Fitch.
Fitch Ratings has upgraded the long-term issuer default ratings of eight Saudi banks to 'A-' in recognition of the resilience and strength that the banking sector has demonstrated during the COVID-19 pandemic.