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Article: EFG-hermes releases comprehensive report on saudi arabian banking sector
- Article from:
- Al Bawaba
- Article date:
- May 26, 2008
CopyrightCopyright 2008 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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EFG-hermes releases comprehensive report on saudi arabian banking
sector
EFG-Hermes, the leading investment bank in the Middle East and
North Africa (MENA) region, released a comprehensive research report
on the Saudi Arabian banking sector.
The report, entitled "Best of Both Worlds!," provides an in-
depth analysis of Saudi Arabia's banking sector, which is the second
largest in the GCC region by asset size, currently estimated at
USD290 billion.
The 56 page report includes a detailed look at the macroeconomic
backdrop, sector and profitability outlooks, recent results and
valuation. The report reveals some of the following highlights:
* Low penetration and high profitability are two ...