Riyadh-Mubasher: The Samba Financial Group's deposits are expected to decline this year, while its financial leverage are likely to rise and thus the cost of lending would increase to recoup the deposit fall, said Alistithmar Capital in a recent report.
The group's loan and deposit portfolios grew by 4.6% each.
Samba is forecasted to maintain its asset quality and loan portfolio growth, the research firm said.
Alistithmar Capital recommended 'Buy' on the stock, lowering the fair value to SAR 26 from SAR 31.
Samba posted a 4% rise in FY15 earnings to SAR 5.2 billion, compared with SAR 5 billion a year earlier.
