Regulatory Alerts2020-10-06
Saudi Arabian Monetary Authority Interest Rates on Assets and Liabilities Reporting Guidelines
The Saudi Arabian Monetary Authority issued updated guidelines superseding previous circulars to standardize the reporting of weighted average interest rates on assets and liabilities. All banks operating in Saudi Arabia must submit these reports quarterly within 30 days of the quarter end, with data categorized by product, sector, and Sharia-compliance type. The submission must be completed in Excel format and signed off by the bank's Chief Finance Officer before being emailed to the Banking Data Section.
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