Free no deposit Bonus Forex
Friday, 15.12.2017, 15:16
Welcome Guest | RSS
 
Main RegistrationLogin
Site menu
Login form
Make money on Fore
FreshForex bonus
Statistics

Total online: 1
Guests: 1
Users: 0
RoboForex bonus
...
Main » 2016 » March » 16 » Moody's has revised its outlook for Saudi banks
11:41
Moody's has revised its outlook for Saudi banks
 
article20911.jpg

International rating agency Moody's changed the outlook for Saudi banks from stable to negative in the expectation that the number of overdue loans will increase over the next year to 18 months due to the low oil prices and cuts in government spending.

 

 

Overdue loans will increase to approximately 2.5% of total loans during this period. Economic growth in Saudi Arabia slowed down as predicted, to 1.5% in 2016 and 2% in 2017, well below the projected 2015 growth of 3.4% due to the fall in oil prices. The growth of bank lending to slow down in the range of 3% to 5% in 2016.


Bank reserves in Saudi banks are likely to remain stable. Profitability is also likely to remain at a high level thanks to the zero corporate tax.

 

 

A source

 
Views: 264 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Forex Brokers
no deposi binary
Calendar
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright Bonus-FX.com © 2017-2012
    Website builderuCoz