Photographer: Waseem Obaidi/Bloomberg

Reality Check for Saudi Banks

Updated on
  • Nine of 12 Saudi banks reported 1Q profit that beat estimates
  • Bad loan provision, cost of funding seen rising amid oil slump

For anyone betting Saudi Arabia’s banks are entering a resurgent phase after their earnings crushed analyst estimates in the first quarter, here’s a reality check.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.