Banking & Finance

Personal loans constituted 47 percent of banks' total lending, while corporate loans made up the remaining 53 percent

The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment

E-commerce and retail sector retained its position as the leading industry in Saudi Arabia's venture landscape

The assets of Islamic banks operating in the UAE increased by about $23.41 billion over the past 12 month

Strong demand seen from the eight primary dealers for both the 3-year and 5-year tranches of the sukuk

MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus

These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
