Financial and Banking News
Saudi Central Bank Head Says Saudi Banks' Capital Ratio Is 20%
The aggregate capital to risk-weighted assets ratio of Saudi banks is"around 20%" according to Mr. Hamad al-Sayyari, the Governor of theSaudi Arabian Monetary Agency (SAMA). Mr. Sayyari was speaking at the GulfEconomic Forum conference in Bahrain on 11 April. Mr. Sayyari's estimate isinteresting, since it indicates that Saudi banks are much stronger than their...