Moody's Investors Service has given a positive assessment of the Saudi banking sector, declaring it has shown considerable resilience in absorbing the impact of the global financial crisis. "The impact of the financial crisis has been contained, as Saudi banks are not significantly dependent on market funding. Moreover, any losses from structured products and other risky investments have been comfortably absorbed," said Constantinos Kypreos, Vice-President in Moody's Financial Institutions Group based in Limassol.
Profile of Saudi Arabia
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