UPDATE 1-Saudi may raise loan-deposit ratio if needed, c.bank chief tells Arabiya

UPDATE 1-Saudi may raise loan-deposit ratio if needed, c.bank chief tells Arabiya:

"Saudi Arabia’s central bank may raise the maximum loan-to-deposit ratio for commercial banks if that is needed to help the economy, central bank governor Ahmed al-Kholifey told Al Arabiya television. Kholifey was speaking on the sidelines of meetings of the International Monetary Fund and the World Bank in Washington at the weekend. The central bank last raised the ratio in February 2016, to 90 percent from 85 percent. The ratio for the banking sector as a whole stood at 81.7 percent in August, down from 84.8 percent a year ago, according to the latest central bank data."



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