Riyadh – Mubasher: The decline of Saudi Interbank Offered Rate (SAIBOR) is a credit positive for Saudi banks’ funding costs, according to Moody’s.
The three-month SAIBOR fell below the central bank repo rate of 2.0%, its lowest level since April 2016.
The Kingdom’s liquidity conditions have eased since the third quarter of 2016.
Moody’s expected liquidity pressures to moderate in 2017 compared with last year, on the back of subdued credit growth.
