Saudi banks in good lending position
Riyadh, May 17, 2011
Saudi banks are in a good position to extend loans to the private sector thanks to robust capital adequacy ratios, Central Bank Governor Muhammad Al-Jasser said on Tuesday.
"Saudi banks capital adequacy ratio is in good position ..banks are well placed to extend credit to private sector without burdening their balance sheets," he told a financial conference in the Saudi capital.
He also said the debt to gross domestic product (GDP) ratio in the kingdom would stand at 10 percent, and that banks were well-placed to extend loans to private sector without burdening their balances. - Reuters