Saudi Fransi Capital (SFC) expects improved net profits of Saudi banks this year due to the willingness of the Saudi Arabian Monetary Agency (SAMA) to inject liquidity if needed, the brokerage firm said in a report.
Despite banks’ strong performance compared to other sectors, investors have become concerned about the recent increase in non-performing loans (NPLs).
Demand deposits at Saudi banks have declines from 66 percent in Q3-2015 to 60.5 percent currently mainly due to government drawdowns and tighter liquidity.
Overall, second-quarter deposits declined 2.4 percent compared to the same period last year.
|
Saudi Fransi Capital’s Ratings on Saudi Banks |
||
|
Bank |
Recommendation |
Target price (SAR/share) |
|
Al Rajhi |
Hold |
61.5 |
|
Alinma |
Hold |
15.2 |
|
Albilad |
Sell |
16.6 |
|
Aljazira |
Sell |
13.0 |
|
Riyad |
Hold |
12.8 |
|
Saudi Investment |
Hold |
13.6 |
|
Saudi Hollandi |
Hold |
15.3 |
|
SABB |
Buy |
29.2 |
|
ANB |
Buy |
25.6 |
|
NCB |
Hold |
61.5 |
|
Samba |
Buy |
31.1 |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}