Alinma Bank's CEO on Growth Strategy, Sukuk Issuance

The video discusses the strong growth in the bank's balance sheet despite a challenging environment, highlighting growth across retail, corporate, and SME banking. It covers funding sources, including non-interest-bearing accounts, and the impact of government sukuk issuance. The potential impact of international banks entering the Saudi market is considered, along with the effects of regional political tensions.

What factors contributed to the bank's double-digit growth in various sectors?

• Reduction in operational costs

• Increased interest rates

• Expansion in retail, corporate banking, and SME investments

• Acquisition of smaller banks

How did the bank manage to keep the cost of funding under control?

• By reducing employee salaries

• By increasing interest rates

• By cutting down on marketing expenses

• By utilizing non-interest bearing accounts

What is the significance of the Saudi government's plan to issue sukuk?

• It will decrease the bank's market share

• It will lead to a financial crisis

• It provides opportunities for banks and individuals

• It will increase the cost of credit

How might the entry of global banks like Credit Suisse and Deutsche Bank affect the local banking industry?

• It will eliminate competition

• It will focus on retail banking

• It will enhance quality and performance through competition

• It will lead to a decrease in corporate banking

What is the expected impact of the Qatar standoff on the Saudi bank's growth?

• It will cause a banking crisis

• It will significantly hinder growth

• It will have no major impact

• It will lead to a recession