Economist / Governor of the Saudi Central Bank appreciates the efforts of “Saudi banks” in enhancing the financial culture of customers
Tuesday 7/2/1443 AH corresponding to 09/14/2021 CE
Riyadh, Safar 07, 1443 AH, corresponding to September 14, 2021 AD
His Excellency the Governor of the Saudi Central Bank, Dr. Fahd bin Abdullah Al Mubarak, valued the efforts made by the Banking Information and Awareness Committee in “Saudi Banks”; It aims to spread and enhance the financial culture of all members of society in its various segments, and raise the level of financial awareness through introducing banking services and products, and the safe use of those transactions, in addition to issues and developments related to banking activity at the local and global levels.
Dr. Al-Mubarak stressed the keenness of the Saudi Central Bank, in cooperation with the financial sectors, to raise the level of financial guidance and awareness among customers of the banking and financial sector working in the Kingdom by using the various available communication channels, in the context of serving and protecting the interests of customers, as this is a strategic goal that the Central Bank seeks to achieve. Through his keenness to provide these sectors with an advanced level of fair and safe treatment, and to ensure the spread of financial services at all levels, indicating that the “Sama Cares” initiative launched by the Central Bank and the awareness campaigns accompanying this initiative, contributed – praise be to God – to raising the level of awareness public finances.
His Excellency the Governor of the Saudi Central Bank urged all financial institutions to continue to exert more effort; To develop awareness and education programs for clients on financial fraud methods, especially renewable ones, and to continuously measure the effectiveness and efficiency of awareness tools, and to enhance clients’ awareness of the need to ensure the safety of their money sources, and that they are held accountable by the competent authorities in the event of suspected sources of their funds, in addition to establishing the method appropriate to raise awareness for each category or classification; Based on the database that includes all the details of financial fraud cases.
It is worth noting that the Banking Information and Awareness Committee in “Saudi Banks” was recently reconstituted, under the leadership of Tariq bin Abdulrahman Al-Sadhan, CEO of Riyad Bank (the committee’s hosting bank), as he supervised the implementation of the committee’s new strategic directions in accordance with the Kingdom’s Vision 2030 and the Financial Sector Development Program , by focusing on a number of main themes: banking awareness, financial inclusion, social responsibility, fintech, and Islamic banking, and adopting a clear vision and message under the title: “a conscious society, a responsible generation.” Since its re-formation, the committee has organized several banking awareness lectures that dealt with various topics presented by the heads of product departments from Saudi banks, and the implementation of several strategic initiatives and awareness campaigns; With the aim of promoting banking awareness.
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