Riyadh is easing rules on bank lending to stimulate growth in the largest Arab economy, informed sources report.
The Saudi Arabian Monetary Agency (SAMA) has allowed banks to lend the equivalent of 90% of their deposits, up from an earlier limit of 85%. According to the Saudi Fransi Capital, 5 of the 11 commercial banks in Saudi Arabia exceeded the 85% cap at the end of 2015, Interfax reports with reference to Bloomberg.
