Riyadh –The Saudi Arabian Monetary Authority (SAMA) is among the world’s top ten central banks, according to Alinma Bank CEO Abdulmohsen Abdulaziz Al Fares.

Al Fares added in his remarks during the 9th edition of the Riyadh Economic Forum that the Saudi banking sector enjoys a strong position and high solvency due to the new policies applied by SAMA.

SAMA has kept a reasonable financing cost between 3% and 7%, in comparison with the other major economies in the region where interest rates went up to 15-20%.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.