Banking & Finance
Saudi Central Bank Fines 16 Banks Including Emirates NBD

(Bloomberg) — Saudi Arabia’s central bank fined 16 financial institutions, including the kingdom’s largest banks, for violating “responsible finance principles.”
Read more: Saudi Banks Set for Most Growth in 4 Years as Rates Offset Oil
The fines were imposed “in order to implement principles of justice and transparency and to ensure” that institutions comply with “responsible finance that should meet with the actual needs of all segments of the society,” the central bank said in a statement on its website. It didn’t provide details of the fines.
Read more: Banks Drag Saudi Arabian Stocks Down Ahead of Ramadan
The central bank said violations related to the ratio individuals were made to pay from their monthly income when obtaining financing.
The banks fined are:
- National Commercial Bank
- Al Rajhi Bank
- Emirates NBD
- Banque Saudi Fransi
- Riyad Bank Bank
- Al-Jazira Alinma Bank
- Samba Financial Group
- Saudi Home Loans
- Dar Al Tamleek
- Abdul Latif Jameel
- United Finance
- Saudi Fransi For Finance Leasing
- Nayifat Finance
- Murabaha Marina Financing
- AlJabr Financing
- Raya Financing
-
Economy2 months ago
Here’s Everything You Need to Know About Oman’s State General Budget for 2025
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, December 24
-
Automotive2 weeks ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Banking & Finance2 months ago
His Majesty the Sultan Appoints Ahmed Al Musalmi as Governor of the Central Bank of Oman
-
OER Magazines3 weeks ago
OER, January 2025
-
Alamaliktistaad Magazines4 weeks ago
Al-iktisaad, January 2025
-
Banking & Finance4 weeks ago
Ishraq Waqf Investment Fund Announces Extension of IPO Subscription Deadline
-
Banking & Finance1 month ago
Bank Muscat’s 2024 Net Profit Grows To RO225.58Mn
You must be logged in to post a comment Login