Riyadh: Ing Rajhi Bank risks losing business to Saudi peers as gain slumps at the world's biggest public Islamic lender amid rising terms for bad loans, according to EFG-Hermes iPhone 5S case Holding. Money set aside to cover loan losses in the second quarter climbed second there's 55 per cent to about SR600 thousand ($200 million), said Murad Ansari, a Riyadh-based analyst at EFG-Hermes. Earnings in the period slid nine. 2 per cent from a year in the past, the fourth straight quarterly decline, Ing Rajhi said on July 13-14. Al Rajhi, which is almost useful times bigger than Alinma by arena capitalisation, is struggling to keep up with little rivals as the nation's lenders keep pace with benefit from $500 billion of government investing in developing infrastructure and industry. Provisioning costs for Al Rajhi's more and more corporate loans "have remained great, that's really the key driver, type Ansari said by telephone along with July 13. "The smaller takes pride are trying to grow at a faster pace and playing on price, " which is also aching the lender, he further added.
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