Saudi foreign banks assets hit SAR 87 bln in 2018: SAMA

23/05/2019 Argaam

 

The asset volume of the foreign banks operating in the Kingdom reached about SAR 87 billion by the end of fiscal year 2018, Al-Eqtisadiah Newspaper reported, citing the Saudi Arabian Monetary Authority’s (SAMA) .

 

The lending portfolio of foreign banks stood at SAR 39.2 billion, while the volume of deposits amounted to SAR 44.2 billion.

 

Saudi banks have robust liquidity; with a loan/deposit ratio of 77.4 percent, liquidity coverage ratio of 211.3 percent and a net stable funding ratio of 128.1 percent, higher than the threshold set as per Basel III reguations.

 

According to data compiled by Argaam, licensed banks in Saudi Arabia include: Gulf International Bank; Emirates NBD; National Bank of Bahrain; National Bank of Kuwait; Bank Muscat; Deutsche Bank; BNP Paribas; JPMorgan Chase NA; Industrial and Commercial Bank of China; Qatar National Bank; Bank Tokyo- Mitsubishi UFG, Citigroup, First Abu Dhabi Bank, National Bank of Pakistan and Ziraat Bankası

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