The country’s two largest banks saw gross total loans increase by about 37% between 2016 and 2020.
Middle East
Latest articles from Saudi Arabia
A new era for GCC digital banking
August 19, 2021Digital-only banks in the Gulf Co-operation Council are experiencing a boom.
Geidea on the growth of digital-only financial services in the Gulf
July 15, 2021Abdullah Al-Othman on the prospects for Saudi Arabia’s first digital-only banks.
Saudi Arabia’s Vision 2030 still on track
April 26, 2021Despite a double hit from the pandemic and falling oil prices, the country’s plan to diversify its economy continues apace.
Saudi banks buy into country's plans for change
April 26, 2021With a new open banking initiative planned, Saudi institutions are ramping up their digital offerings.
Saudi mega-merger symbolises Gulf M&A trend
March 1, 2021Tie-up between NCB and Samba Financial heralds a second wave of bank consolidation in the region.
Saudi Arabia steps up efforts to reboot economy
January 18, 2021Gulf kingdom reportedly seeking to snatch multinationals from Dubai, as sovereign wealth fund ramps up investment.
Saudi development fund's head looks to take on a more active role
April 29, 2020The head of Saudi Arabia's National Development Fund explains how the fund intends to support national businesses in the face of the Covid-19 crisis.
Will the pandemic stymie Saudi Arabia's reform agenda?
April 29, 2020Saudi Arabia's Vision 2030 economic overhaul is being put to the test by the coronavirus pandemic.
Saudi banks approach pandemic from a position of strength
April 29, 2020Saudi banks, confident of surviving the crisis-driven lockdown, are speeding up their digital capacity and looking to support clients.
What impact did the global pandemic have on banks?
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