SAMA imposes penalties on 30 financial entities for violating ‘responsible finance principles’

24/11/2020 Argaam

The Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, imposed penalties on 30 financial institutions due to violations of “responsible finance principles” for individuals.

 

These financial entities include - among others - Al Rajhi Bank, National Commercial Bank (NCB), Saudi British Bank (SABB), Riyad Bank, Bank AlJazira, Bank Albilad, Samba Financial Group, Alinma Bank, Gulf International Bank (GIB), Emirates NBD, Al Yusr Leasing & Financing, and Matager Finance Co.

 

The Kingdom’s central bank instructed these financial entities to take corrective measures. Otherwise, SAMA is entitled to take the necessary regulatory measures against these institutions, banning them from offering the responsible finance products.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.