The Saudi Arabian Monetary Agency (SAMA) revealed in a statement yesterday that it will continue its supportive monetary policy by using some of the tools available to it through the following: Pumping more than SAR 20 billion in time deposits with the banking sector on behalf of government entities, and providing 7-day and 28-day maturities for repurchase agreements, in addition to the existing one-day maturities.

The SAMA revealed in a statement yesterday that it will continue its supportive monetary policy using some of the tools at its disposal.

The Corporation explained in a statement yesterday that in continuation of the approach of the Saudi Arabian Monetary Agency in following up economic developments, and its policies aimed at supporting local financial stability, whose indicators record good rates, especially the level of non-performing loans, which did not exceed 1.3 percent of total loans, along with high coverage of provisions exceeded 165 percent of total non-performing loans, and high rates of regulatory capital adequacy exceeded 18 percent.

Regulatory capital adequacy ratios exceeded 18 percent.