Changes in the valuation of Saudi National Bank's investment in Credit Suisse have no impact on the Tadawul-listed lender's growth plans and forward-looking guidance for 2023, the Saudi bank said. Photo: EPA
Changes in the valuation of Saudi National Bank's investment in Credit Suisse have no impact on the Tadawul-listed lender's growth plans and forward-looking guidance for 2023, the Saudi bank said. PhoShow more

Business

Banking

Saudi National Bank says profitability unaffected by Credit Suisse investment

SNB’s investment in Swiss lender is less than 0.5% of its total assets and 1.7% of its investments portfolio as of December 2022

Deena Kamel
Deena Kamel

March 21, 2023