Banks safe, says new governor of SAMA


Al-Jasser said in an interview with CNBC Arabiya the the local banking sector would be more stable and unaffected because the investments and transactions are internal and do not focus heavily on external factors. He said “115 percent of local Saudi bank deposit funds are used within the Kingdom.”

The governor added that government spending and the 2009 budget allocations will keep the economy stable to continue national projects.

Leave a Reply

Your email address will not be published.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