Saudi British Bank, the Kingdom's fifth-largest listed lender by assets, posted a 25.2 per cent rise in third-quarter net profit on Thursday, in line with analysts' forecasts as operating income increased.
Standard & Poor's Ratings Services said today that it has revised to stable from positive its outlooks on three Saudi Arabia-based banks: Arab National Bank, Banque Saudi Fransi, and The Saudi British Bank.
A central bank operating under a currency board rules does not accept deposits and it generates income from the difference between the interest paid on the securities it holds and the expense of maintaining its note and coin in circulation.
�It is difficult, or even impossible, for Saudi Arabia or Opec to undertake any measure that would lead to a reduction in (their) share of the market and an increase in that of others� who do not belong to the group, he was quoted as saying by the ...
The 'A-' Support Rating Floors of the four JV banks, Saudi British Bank (SABB), Banque Saudi Fransi (BSF), Arab National Bank (ANB) and Saudi Hollandi Bank (SHB), are two notches below the Saudi D-SIFI Support Rating Floor.