Saudi bankings system calm despite exit of European banks
2012-02-26 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: According to Saudi Arabia's Samba Economic Monitor, the kingdom's banking system remains largely insulated from the dislocations in the euro zone, with high levels of liquidity and solid capitalization ratios, Arab News has reported. The Saudi Arabia Interbank Offered Rate (SAIBOR) has moved higher in recent months, reaching 0.83 in late February from a recent trough of 0.6 in September. However, this basically reflects stresses in international markets: US dollar London Interbank Offered Rate (LIBOR) also moved up over the same period in line with uncertainty over Greece and the broader euro zone debt situation, the report said.  

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