Net Stable Funding Ratio Minimum Requirements and Disclosure Standards

Saudi Arabian Monetary Agency

BANKING CONTROL

[Logo: مؤسسة النقد العربي السعودي]

الرقم : 361000141528
التاريخ : 1436/11/09
المرفقات :

August 2015

From : Saudi Arabian Monetary Agency

To : All Banks

Attention: Managing Directors, Chief Executive Officers and General Managers

Subject : Net Stable Funding Ratio minimum requirements and disclosure standards

We refer to SAMA's Circular # 36100036260 dated 29/12/2014 and Circular # 361000130698 dated 28 July 2015 regarding the Finalized Guidance Document, Prudential Returns concerning Net Stable Funding Ratio (NSFR) and NSFR Disclosure template.

As per these circulars, the NSFR will move to a minimum standard of 100% by 1 January 2018. Saudi banks have already been providing their quarterly NSFR ratios since January 2012 for monitoring purposes and quarterly prudential returns since 1 January 2015.

Based on the review of NSFR reported in the quarterly prudential returns, we have decided to change the date of minimum standard of 100% from 1 January 2018 to 1 January 2016. Therefore, this ratio should be equal to at least 100% on an ongoing basis from 1 January 2016 using the quarterly prudential returns and disclosure template as specified in our circulars as mentioned above.

[Signature]

Osamah Shaker
Director General of Banking Control

P.O. Box 2992 - Riyadh-11169, Saudi Arabia - Tel : 011-463 3000 - Telex 404390 SJ - Fax : 011-463 2090