Net Stable Funding Ratio Minimum Requirements and Disclosure Standards
| No: 361000141528 | Date(g): 23/8/2015 | Date(h): 9/11/1436 |
We refer to SAMA's Circular # 361000036260 dated 29/12/2014 and Circular # 361000130698 dated 28 July 2015 regarding the Finalized Guidance Document, Prudential Returns concerning Net -Stable Funding Ratio (NSFR) and NSFR Disclosure template.
As per these circulars, the NSFR will move, to a minimum standard of 100% by 1 January 2018. Saudi banks have already been providing their quarterly NSFR ratios since January 2012 for monitoring purposes and quarterly prudential returns since 1 January 2015.
Based on the review of NSFR reported in the quarterly prudential returns, we have decided to change the date of minimum standard of 100% from 1 January 2018 to January 2016. Therefore, this ratio should be equal to at least 100% on an ongoing basis from 1 January 2016 using the quarterly prudential returns and disclosure template as specified in our circulars as mentioned above.