Saudi Arabia’s banks face the biggest risk from a maturity mismatch between assets and liabilities and need to find “creative” ways to bridge the gap, the chief executive officer of Alinma Bank (ALINMA) said.
The mismatch needs to be monitored and can be bridged by issuing long-dated securities like Islamic bonds, Abdulmohsen Al Fares, told reporters at a conference in Riyadh today. Some foreign banks cut lending in Saudi Arabia after the debt crisis in Europe which is creating “opportunities for local banks as well as for others like Asian banks,” he said………………………………………..Full Article: Source