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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

High Interest Rates to Boost Profitability of Saudi Banks

Fitch Interest Rates Fitch Ratings Oil
Saudi Arabia is working to create the appropriate environment to ensure the durability of financial banks and the diversity of their products (Asharq Al-Awsat)

Fitch Ratings predicted that higher oil prices and interest rates will enhance the profitability of Saudi banks during 2022-2023.

This comes at a time when the loan-to-deposit ratio of Saudi banks is at its highest level in 15 years.

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