" /> " /> " />

Nomura expects Saudi banks lending recovery

09 April 2011

Japanese brokerage Nomura has said Saudi banks will see a partial recovery in lending this year on steady retail and reviving corporate businesses, but remained cautious on UAE lenders, Reuters has reported. "We continue to believe that Saudi banks represent the best opportunity in an environment of rising interest rates," analyst Tarik El Mejjad, said.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications