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NEWS
20 May | Wednesday
Saudi Islamic Banks' Financial Metrics Deteriorated, but Sound

Saudi Islamic banks' financial metrics deteriorated mildly in 2019 but remained sound, Fitch Ratings says in a new report. Saudi Islamic banks remain well placed in the banking sector with larger retail franchises supporting a lower cost of funding and better asset quality.
 
Saudi Arabia has the largest Islamic banks' financing share (79%) of any country that allows conventional banks to operate alongside Islamic banks.
 


source: Fitch Ratings
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