Al-Rajhi’s financial report expects that good earnings growth in the banking sector will continue 10.8%, on an annual basis, for the year to date in February, according to the Saudi Arabian Monetary Agency, given the survival of The Saudi interchange interest rate is high, and this has been translated into higher net interest margin levels, along with possible support from lower provisioning costs.
The report noted that the banking sector index outperformed the Tadawul shares index for all companies ’shares + 18.9%, on the Tasi index + 12.7%, or 6.2% in the first quarter of 2019, supported by profits Strong banks, and the continued rise as a result of the driving force on the impact of the inclusion of Saudi stocks in emerging market indices.
The report considered that the escalating flexible position adopted by the US Federal Reserve, led to the shift of the consensus of analysts to the expectation of an increase in interest rates in 2019, and while like that Some pressure on the interest rate between Saudi banks and the SIBOR is unlikely to have any impact on the return on assets in the first quarter of 2019.
Namazon Services..programmed technical analysis platform ... for Emirati, Saudi, and global markets
To more:
