Saudi banks' credit provisions jump 46% in 2016

Last Updated Date (19/03/2017) Argaam Report

Saudi-listed banks saw a 46 percent increase in total credit provisions to SAR 9.92 billion by the end of 2016, compared to SAR 6.78 billion in 2015, data compiled by Argaam showed.

 

The fourth-quarter provisions surged 134 percent year-on

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