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24-Apr-2016

Saudi banks 1Q2016 wrap-up: Does it get any better than this?

Aggregate net income - +1% Y-o-Y, +12% Q-o-Q Aggregate revenues - +1% Y-o-Y, +11% Q-o-Q Net interest spreads – 2.53%, +1bps Q-o-Q, +6bps Q-o-Q Credit costs – 49bps, +4bps Y-o-Y, -3 bps Q-o-Q   Confluence of positive dr

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