Feb
14
Saudi Arabia Said to Ease Bank Lending Rules to Boost Liquidity
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Central bank said to have informed banks of decision on Sunday
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Move said to have followed request by committee of treasurers
Saudi Arabia is easing rules on bank lending to stimulate growth in the largest Arab economy, two people with knowledge of the matter said.
Banks were told they can lend the equivalent of 90 percent of their deposits, up from an earlier limit of 85 percent, by the Saudi Arabian Monetary Agency on Sunday, the people said, asking not to be identified as the information is private. The move followed a request from the country’s committee of treasurers to help ease liquidity constraints, according to one of the people…
Saudi Arabia Said to Ease Bank Lending Rules to Boost Liquidity
