SAMA Grants Vision Bank Non-objection to Commence its Banking Operations in Saudi Arabia
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The Saudi Central Bank (SAMA) has granted Vision Bank a non-objection to commence its digital banking operations in Saudi Arabia.
This development aligns with SAMA's strategy to promote the stability of the financial sector, foster trust, stimulate economic growth and encourage competition in the banking sector, while maintaining high standards of security and transparency.
SAMA remains committed to strengthening the banking sector's resilience, enhancing its attractiveness and increasing its contributions to achieving Saudi Vision 2030 and its national objectives. This includes promoting financial inclusion, developing the digital economy and enabling financial institutions to provide financial services to the Saudi markets.
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