Book traversal links for 1.1. Significant Retail Activities
1.1. Significant Retail Activities
No: 4922/67 | Date(g): 24/9/2019 | Date(h): 25/1/1441 |
Effective from Jan 01 2020 - Dec 31 2019
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5. | SAMA has additional requirements for FBBs that take significant retail-banking deposits. | |
6. | SAMA considers retail banking activities to be significant where an FBB: | |
i. | Has more than SAR 5 billion of retail and Micro, Small and Medium-sized enterprises (MSME)1 account balances or more than 1,000 retail and MSME account holders; or | |
ii. | Undertakes deposit activity where the total number of branches exceeds five (5). |
1 As per SAMA MSME definition