SAUDI'S BANKS ARE BETTER
FITCH - Liquidity for Saudi Arabian banks has improved significantly since last year but the slowdown in the economy is likely to lead to a rise in non-performing loans (NPLs).
Most of the public-sector deposits that were drained from the banking system in 2016 in response to falling oil prices have since returned and the state has cleared the vast majority of its overdue payments to contractors. Most banks had liquidity coverage ratios above 200% at end-1H17, which we view as strong. Funding costs, which spiked during the 2016 tightening,…
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