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NCB Capital sees Saudi bank interest margins shrinking

15 March 2012

NCB Capital has said that the net interest margins of Saudi banks, which have significant exposure to the corporate sector, are expected to shrink as competition increases, Reuters has reported. Saudi Arabia's leading wealth manager has downgraded Saudi Investment Bank and Arab National Bank to "neutral" from "overweight". Loan growth is expected of 12.4% at Saudi banks in 2012, led by a 16% retail loan growth, the brokerage has added.

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