Entries tagged with “vision-2030”

Special Reports

1 special reports found for vision-2030:

• Saudi Banking Sector: Unlocking Vision 2030 Opportunities

  Saudi Arabia's economic prospects remain robust, driven by the non-oil sector in alignment with the Vision 2030 initiatives. The Saudi banking sector is expected to play a pivotal role in achieving the Vision 2030 objectives. This sector displays resilience, characterized by a healthy outlook supported by factors such as a promising pipeline for future loan growth, substantial liquidity, sound asset quality, and strong capitalization. Saudi banks are well-positioned to weather upcoming interest rate volatilities when the US Fed starts cutting interest rates. We believe that during this significant monetary policy shift, the top three banks in KSA are ready to capitalize on their dominant market share in loans and deposits for future opportunities. Among these, SNB is poised to reap significant benefits, given its leading market position in loans and deposits, a well-balanced loan mix, and a robust domestic franchise.

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