Saudi banks likely to maintain strong performance in 2021, says official

17/01/2021 Argaam

Talat Hafiz, Secretary General of the Media and Banking Awareness Committee 


Saudi banks are forecast to maintain robust performance in 2021, in line with the foreseen recovery of the Kingdom’s economy, Asharq Al-Awsat reported, citing Talat Hafiz, Secretary General of the Media and Banking Awareness Committee and Saudi Banks Spokesman.

 

“This is driven by preliminary growth estimates of the gross domestic product (GDP) at nearly 3.2%, boosted by the forecast sustainable growth of the economic activity in the Kingdom,” he added.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.