Saudi Arabian Monetary Authority (SAMA), the Kingdom's central bank, does not see more bank mergers for now other than those already announced, Reuters reported, citing its governor Ahmed Al-Kholifey, on Sunday.
Saudi British Bank and Alawwal Bank announced their merger to create Saudi Arabia’s third-biggest lender in March, which was followed by the National Commercial Bank's announcing commencement of initial talks with Riyad Bank for a possible merger.
Separately, Al-Kholifey ruled out deflation, citing demand for consumer and real estate loans was “active” and liquidity was “strong".
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