‎Financial stability backed by strong banking sector: SAMA Deputy

‎Financial stability backed by strong banking sector: SAMA Deputy ‎Financial stability backed by strong banking sector: SAMA Deputy

​‎

Logo ofSaudi Central Bank (SAMA)

Deputy Governor for Investment at SAMA,Majid A. Alawwad, said the stability of the financial system is based on the strength of the Kingdom’s banking sector.

Advertisement

This is supported by adequate capitalization, strong liquidity and solid reserve levels.

He added that asset quality indicators remain at good levels, enhancing the sector’s stability and its ability to absorb shocks.

Alawwad pointed out limited external exposure helps contain risk transmission and strengthens the banking sector’s ability to maintain stability.

He added that stress tests conducted by SAMA confirm the banking system’s resilience to severe shocks, reinforcing confidence in the sector under various scenarios.

He indicated that SAMA’s macroprudential policies are forward-looking, supported by effective supervisory tools and a broad range of related instruments.

The remarks were made during a meeting of central bank governors from the Middle East and Central Asia, held as part of the Spring Meetings of the International Monetary Fund and the World Bank Group in Washington, D.C.

 

Logo ofSaudi Central Bank (SAMA)

Deputy Governor for Investment at SAMA,Majid A. Alawwad, said the stability of the financial system is based on the strength of the Kingdom’s banking sector.

This is supported by adequate capitalization, strong liquidity and solid reserve levels.

He added that asset quality indicators remain at good levels, enhancing the sector’s stability and its ability to absorb shocks.

Alawwad pointed out limited external exposure helps contain risk transmission and strengthens the banking sector’s ability to maintain stability.

He added that stress tests conducted by SAMA confirm the banking system’s resilience to severe shocks, reinforcing confidence in the sector under various scenarios.

He indicated that SAMA’s macroprudential policies are forward-looking, supported by effective supervisory tools and a broad range of related instruments.

The remarks were made during a meeting of central bank governors from the Middle East and Central Asia, held as part of the Spring Meetings of the International Monetary Fund and the World Bank Group in Washington, D.C.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement