MIDEAST STOCKS-Saudi shares rise after loan-deposit shift; Egypt gains | Reuters:
"Saudi Arabian stocks rose early on Monday after the central bank raised banks' loan-deposit ratio, while a rebound in global markets helped to lift Egypt's bourse.
The Saudi central bank, seeking to ease tightening liquidity caused by low oil prices, increased the ratio of deposits that commercial banks can lend to 90 percent from 85 percent, industry sources told Reuters .
That may not make much difference in the long term to the pressures on Saudi banks, which face deteriorating credit quality as the economy slows as well as demands on their funds from heavy government bond issuance. The three-month Saudi interbank offered rate edged up on Monday to 1.73125 percent from 1.72875 percent.
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