Saudi Central Bank plans to extend payment deferrals until Q1 2021-end

The Saudi Central Bank (SAMA) is considering continuing its deferred payment program until Q1 2021-end, Al-Arabiya TV reported, citing governor Ahmed Alkholifey.

He indicated that the effects of COVID-19 pandemic are still present, adding that SAMA closely monitors the quality of the asset across all economic activities and noticed an increase in non-performing loans from 1.9 percent to 2.3 percent.