Moody’s upgrades ratings for Saudi banks
Most banks’ outlook was also revised to stable from positive
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Most banks’ outlook was also revised to stable from positive
The real estate sector saw the highest q-o-q growth in credit issuance
Megaprojects and a push for homeownership are set to drive lending growth
The increase was supported by greater investments and operating income
New CEO Georges Elhedery, a regional veteran, launches the biggest shakeup of Europe’s largest lender in more than a decade
Saudi banks could face up to USD 30 bn in external funding outflows in a worst-case scenario
Digital channels made up 67% of online conversations
80% of banks are gathering climate data, but fewer than half are adapting their financing for climate-vulnerable businesses
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