Saudi banks likely to maintain strong performance in 2021, says official
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Talat Hafiz, Secretary General of the Media and Banking Awareness Committee
Saudi banks are forecast to maintain robust performance in 2021, in line with the foreseen recovery of the Kingdom’s economy, Asharq Al-Awsat reported, citing Talat Hafiz, Secretary General of the Media and Banking Awareness Committee and Saudi Banks Spokesman.
“This is driven by preliminary growth estimates of the gross domestic product (GDP) at nearly 3.2%, boosted by the forecast sustainable growth of the economic activity in the Kingdom,” he added.