Saudi banks income surge 28% to $17bn in 2022: Alvarez & Marsal analysis

RIYADH: Amid fears of a global banking crisis, Saudi lenders are expected to maintain profitability in 2023 with continued credit growth as the Kingdom’s top banks reported an aggregate net profit of 28.4 percent in 2022, revealed an analysis done by the global professional services firm Alvarez & Marsal. The report shows that the aggregate net income of the 10 biggest listed

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