SAMA tells banks not to cut loan installment from bonuses

22/06/2017 Argaam

Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, has ordered local lenders not to cut loan installments from employee bonuses and allowances.

 

King Salman has retroactively reinstated all allowances and bonuses that were canceled or suspended to civil servants and military personnel, according to earlier news reports.

 

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