Regulatory Alerts2020-11-09
Added · Updated
Circular Re. Deposit Taking Finance Companies (DTFCs) Regulations
The Saudi Arabian Monetary Authority (SAMA) establishes prudential requirements and operational rules for Deposit Taking Finance Companies (DTFCs) operating in the Kingdom of Saudi Arabia. The regulations mandate a minimum capital of 1 billion SAR, require a minimum liquid asset holding of 20% of deposit liabilities, and impose a statutory deposit of at least 4% with SAMA. DTFCs must maintain a capital-to-risk-weighted assets ratio of 20%, ensure total deposit liabilities do not exceed 15 times total capital, and adhere to strict asset quality, corporate governance, and liquidity risk management standards.
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