Ongoing loan restructurings and the gradual withdrawal of pandemic-related support packages may put further pressure on asset quality. However, the Russian-Ukrainian war will have a minimal impact on the operating environment for banks in Saudi Arabia and UAE, they say.
Saudi Arabia gives nod to set up digital banking in kingdom
Saudi cabinet authorizes finance minister to issue licenses Last year, the Saudi Central Bank (SAMA) licensed 16 financial technology companies to provide payment services Saudi Arabia’s Cabinet on Tuesday gave its nod to the Kingdom’s finance minister to issue licenses for the country’s first digital banks, the Saudi Press Agency...
