Riyadh-Mubasher: The earnings of Saudi banks are expected to grow by 3% in early 2016 despite the geopolitical problems in the Middle East, said Talaat Hafiz, secretary-general of the media and banking awareness committee.
Hafiz stressed the kingdom's strong financial position and its ability to overcome any crisis, Al-Yaum newspaper reported.
He added that the Saudi banks' performance is robust on the kingdom's strong economy despite the steep decline in oil prices to more than 60% compared with June 2014.
