RIYADH: Banks operating in Saudi Arabia and the UAE are expected to post strong credit growth in 2025, driven by high crude prices and the expansion of the non-oil economy, according to an analysis.
In its latest report, Fitch Ratings projected that banks in the Kingdom will witness a financing growth of around 12 percent in 2025, about twice the average of the Gulf Cooperation Council region.
The US-based agency added that corporates will account for almost 65 percent to 70 percent of new financing among Saudi banks in 2025.
The analysis echoes…
