Performance of Saudi banks at pre-Corona epidemic levels

 International credit rating agency Standard & Poor's has said that the financial performance of Saudi banks has returned to the level before the Corona epidemic. During the current year 2022, the average return on assets is expected to reach two percent, compared to 2.1 percent during 2019.

According to Akaz newspaper, Standard & Poor's expected that the credit growth rate will continue during the second half of this year and will reach 15% during 2022.

The Standard and Poor's Agency says it remains confident that rising interest rates and buoyancy in the market will keep mortgage portfolio growth under control, while corporate loan schemes will boost loan growth. will lead to'.

The Standard and Poor's Agency says that "a gradual increase in the rate of profit will strengthen the secondary activities of Saudi banks".