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Thursday, 4 May 2017

Saudi central bank chief: doesn't see more bank mergers in pipeline | Reuters

Saudi central bank chief: doesn't see more bank mergers in pipeline | Reuters:

"Saudi Arabia's central bank governor Ahmed al-Kholifey said on Thursday that he did not see more bank mergers looming, after Alawwal Bank and Saudi British Bank agreed last week to start talks on a possible merger. "I don't see any in the pipeline," Kholifey told reporters. Reuters reported in March that French bank Credit Agricole had picked JPMorgan to advise it on a potential sale of its 31 percent stake in Banque Saudi Fransi. Kholifey said on Thursday that he had met with Credit Agricole officials but had not received a request for approval from them to sell the stake. "



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