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Saudi British Bank Q3 net profit slumps 12.7 pct on bad loans
DUBAI Oct 13 Saudi British Bank (SABB), the kingdom's sixth-largest bank by assets, posted a 12.7 percent drop in its third-quarter net profit on Thursday, missing analysts' forecasts as it set aside more cash for bad loans.
Saudi banks still strong despite oil slump: Saudi British Bank, MD, David Dew
Oil prices fell to a more than six-year low near $42 a barrel last month, and the International Monetary Fund forecasts the Saudi government will run a budget deficit this year of around 19.5 percent of gross domestic product. Last year's deficit was 3 ...
HSBC subsidiary hired senior staff with unaccredited degrees
Two senior compliance staff hired by HSBC Saudi Arabia, a subsidiary of the main British bank, have unaccredited business degrees, a Channel 4 News investigation finds.
MIDEAST STOCKS-Saudi stalls, Kuwait outperforms, Dubai slips
The bank's stock closed 0.4 percent higher after trading lower for most of the session. However, some other banks were knocked lower, with Saudi British Bank dropping 1.4 percent. Egypt's main index rose to yet another record close in healthy trading ...
Saudi bourse gets support from small and mid-sized stocks, UAE shares lower  The National
Moody's takes rating actions on 11 Saudi banks; concludes review
The nine banks are SAMBA Financial Group (SAMBA), Banque Saudi Fransi (BSF), Saudi British Bank (SABB), Arab National Bank (ANB), Riyad Bank (Riyad), Saudi Hollandi Bank (SHB), Saudi Investment Bank (SAIB), Bank AlBilad (BAB) and Bank ...
Saudi British Bank Q3 net profit rises 7.7pc
Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 7.7 per cent rise in third-quarter net profit on Thursday, in line with analyst forecasts.
S&P takes rare step to explain Saudi banking downgrades
On Thursday, S&P lowered its so-called long-term counterparty credit ratings on Al Rajhi Bank, National Commercial Bank, Riyad Bank, Samba Financial Group and Saudi British Bank because of the heightened risks they face in a low oil price environment ...
Pressure Is Building On Saudi Arabia's Economy, But Riyadh Isn't ...  Forbes
S&P downgrades slew of Saudi banks
The ratings agency Fitch placed Saudi British Bank, Arab National Bank and Banque Saudi Fransi on negative outlook on Tuesday.
As Saudi Economy Struggles, Five Banks Stand Firm
The remaining six Saudi banks rated by Fitch all have VRs either at or below 'bbb+'. The five banks with the higher ratings include: National Commercial Bank (NCB), the country's leading corporate bank and second largest in retail, Banque Saudi Fransi, ...
Saudi Aramco denies plans to buy LyondellBasell Refinery in Houston  Al-Arabiya
The Man Who Helped Saudi Arabia Raise $17.5 Billion Is Leaving
Fahad Al Saif, who was seconded to the Ministry of Finance in May, plans to return to Saudi British Bank as head of global banking and markets, the people said, asking not to be identified as the negotiations are private.
MIDEAST STOCKS-Saudi recovers on oil rebound, outperforms Gulf  Reuters
Man behind Saudi's $17.5bn bond sale said to be rejoining HSBC unit