Moody's expects Saudi banks to continue to post strong net profits thanks to a solid credit volume that will support interest income overall, while fee-related income will remain strong.
Moody's forecast moderate pressure on net interest margins in the Saudi banking sector in 2024 before easing in 2025.
Booming lending expected to record growth in the highest single digits during the year and strong income from fees and commissions due to high demand for financial products in a healthy economy will ease the pressure from shrinking margins, the Arab World News Agency reported.
Source (Al-Arabiya.net Website, Edited)
