based Gulf Bank and its impact on Saudi banks, he said the local situation is excellent and we always watch and follow the conditions of local banks in detail. On consumer loans, he said they grew by one per cent last year as a result of the actions of control instructed by SAMA to avoid problems between banks and borrowers. On SAMA's monetary policy, Al-Sayyari said the institution continuously monitors liquidity and currently it monitors it on daily basis so that an appropriate measure could be taken if deemed necessary. --More
