Economic analyst Dr. Nasser Al-Qaraawi said that the record profits recorded by Saudi banks reflect the strength of the banking sector and the efficiency of its management.

Al-Qaraawi added, in an intervention on the air of "Al-Ikhbariya Radio," that these results achieved, especially in the first half of 2026, and what the banks announced, reflect profitability and success in managing the banking life of the Kingdom.

He continued that the Kingdom's Vision has achieved many of the success factors for the economic structure, services, projects, and new fields, in addition to consumer awareness and dealing through new banking channels and banks' procedures to reduce spending rates on what they expanded during the past period because services have become electronic and there is no longer a need to continue many of the branches spread across the Kingdom.

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