Fitch: Saudi banks have highest risk tolerance among banks in the Gulf region

Fitch Ratings Agency said that Saudi banks typically have the highest risk tolerance among banks and financing entities in the Gulf region, which supports the quality of their assets.

The agency explained in a recent report that the assets of the banking system in Saudi Arabia are equivalent to 99% of the gross domestic product by the end of 2023, compared to 206% in the UAE, 240% in Qatar, and 159% in Kuwait.

Fitch considered that the Saudi Central Bank is the most stringent and prudent among the central banks in the Gulf.