Outlook for Saudi Arabia’s Banking Sector

“I think the outlook is very positive. There is a substantial amount of competition between the twelve domestic banks. Despite intense competition, the outlook for the banking sector is optimistic, mainly due to strong economy,” explains Dr. Bernd van Linder, Managing Director of Saudi Hollandi Bank.

“Last year, the credit growth accelerated to reach 14% – 15%. I would expect something similar for this year for the sector as a whole. As Saudi Hollandi, we want to outgrow the sector, so we are aiming at something between 15% – 20% growth this year.”