Saudi Arabia to allow more digital banks, central bank governor says

The kingdom this year issued licences for its first digital banks, STC Bank and Saudi Digital Bank

  
Image used for illustrative purpose.

Image used for illustrative purpose.

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DUBAI - Saudi Arabia will give operating licences to more digital banks, Central Bank Governor Fahad al-Mubarak said on Thursday at a financial forum in Riyadh.

The kingdom this year issued licences for its first digital banks, STC Bank and Saudi Digital Bank. 

(Reporting by Aziz El Yaakoubi Writing by Davide Barbuscia Editing by David Goodman ) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))


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