ANB says difficult to assess financial impact of COVID-19 measures

Arab National Bank (ANB) said that it is difficult to determine the financial impact of the government’s precautionary measures to limit the spread of the coronavirus.

The bank said in a statement to Tadawul that its financial indicators are strong and able to withstand the current economic challenges.

It added that the Royal decrees and the government initiatives to support the private sector will limit the financial impact resulting from the COVID-19 precautionary measures.

Meanwhile, the bank resumed operations in its branches and remittance centers according to the working hours set by the Saudi Arabian Monetary Authority (SAMA) while complying with the required precautionary and preventive measures.

The statement said all banking services are available to customers and are accessible through the bank’s electronic channels, adding that adding that any developments will be disclosed in due course.