Profitability of Banks in Saudi Arabia

“The Saudi economy is among the best performing in the world, and I believe the banking sector is also among the best in the world. Saudi banks are typically doing very well, are very strong, very stable, very profitable,” says Dr. Bernd van Linder, Managing Director of Saudi Hollandi Bank.

“Having said that, we need to know that there is a substantial competition between the Saudi banks. I don’t think this will have a major impact on profitability, but it is something that Saudi banks have to live with.”