New reports talk up banking sector, not everyone convinced

A number of new reports on Saudi banks point to a system that is stable and growing, reflecting the sector’s resilience and strong financial fundamentals in the face of challenging operating conditions, as Moody’s Investors Service put it. Some players who talked to GSN were less upbeat, pointing to slow-moving business and a continued hangover from the crisis that built up over the Saad and Al-Gosaibi groups’ failure – a crisis that quietly continues to affect business across the region.