Saudi Central Banker Says Crunch That Squeezed Banks Is Over
- Central bank is comfortable with lender liquidity: governor
- Saudi central bank chief spoke in an interview in Davos
Alkholifey on Opening Up Saudi Markets, Economy
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Saudi Arabia central bank Governor Ahmed Alkholifey said a cash crunch that squeezed commercial lenders last year is over and that he’s open to more foreign financial institutions operating in the biggest Arab economy.
The Saudi Arabian Monetary Authority sees no need for further steps to boost banking liquidity, Alkholifey said in an interview with Bloomberg Television in Davos on Thursday, his first with an international news organization since taking office last year.