Riyadh – Mubasher: Saudi Arabian Monetary Agency (SAMA) said that the LTD ratio in the Saudi banks hit its lowest in six months in October, especially since April 21016.
The LTD ratio reached 83.06% in October 2016, compared to 79.3% in the same month of 2015.
Deposits with banks include: demand deposits, time and saving deposits, repo agreements, and others, adding to long-term debt, which cover syndicated loans, bonds and sukuks, and subordinated debt and others, while loans indicate loans minus provisions and commissions, according to SAMA.
In September, SAMA decided to inject about SAR 20 billion as time deposits for the banks sector instead of the governmental bodies.
Saudi Central Bank has also raised banks’ loan-to deposit ratio to 90% from 85% in February.
