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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.
Ratings of The Saudi British Bank lowered; Outlook is 'Stable'
Because of the recent change in the Sovereign Ratings of the Kingdom of Saudi Arabia, CI Ratings has lowered the Financial Strength Rating (FSR) and the Foreign Currency Ratings (FCRs) of The Saudi British Bank (SABB), based in Riyadh, Saudi Arabia.
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 ...
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.
Saudi British Bank honored with Euromoney award
For the eighth year running, Euromoney magazine has honored Saudi British Bank (SABB) as its Best Cash Management Provider in Saudi Arabia for 2015.
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.
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 ...
As Saudi Economy Slides, Five Banks Stand Firm
Finally, some good news for Saudi Arabia broke on Monday when Fitch Ratings said that five Saudi banks stand out, demonstrating particular strengths in the face of the country's increasingly tough operating environment.
City firms look to take part in Saudi Arabia's multi-billion pound ...
Sources say that representatives from City big guns such as banking giant HSBC, an associate of the Saudi British bank, and professional services firm PwC are due to attend a major infrastructure planning and financing meeting in Riyadh today.
SABB reinforces strategic partnership with SBAHC
DAVID Dew, Managing Director of the Saudi British Bank (SABB), accompanied by a number of senior executives of the bank, paid a visit to Prince Sultan Bin Abdulaziz Humanitarian City (SBAHC) where they were welcomed by Abdullah Bin Zarah, CEO, ...