Banking Trends in Saudi Arabia
“There are five main drivers that make it a particularly strong economy: firstly, you have substantial capital investments made by both the government and private companies. Secondly, there is the strong non-oil GDP growth,” argues Dr. Bernd van Linder, Managing Director of Saudi Hollandi Bank.
“There are five main drivers that make it a particularly strong economy: firstly, you have substantial capital investments made by both the government and private companies. Secondly, there is the strong non-oil GDP growth,” argues Dr. Bernd van Linder, Managing Director of Saudi Hollandi Bank.
“On the one hand, this requires support from the banks, on the other hand, it enables the banks to grow as well. Thirdly, there is the focus on SMEs. Fourthly, there is the growth of the Saudi middle class. Lastly, there are the overall very positive demographics.”