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SAUDI BRITISH BANK news

  
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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 ...
Saudi British Bank raising international dollar loan
Saudi British Bank raising international dollar loan. The Saudi British Bank (SABB) is syndicating a rare dollar loan co-ordinated by its 40% owner, HSBC.
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 ...
Moody's downgrades Saudi Arabia credit rating over oil price slump  The Guardian
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
Fitch Downgrades 7 Saudi Arabian Banks; Revises Outlook of 4 Others to Neg...
The affected banks are Al Rajhi Bank (ARB), National Commercial Bank (NCB), Riyad Bank (RB), SAMBA Financial Group (SAMBA), Saudi British Bank (SABB), Banque Saudi Fransi (BSF) and Arab National Bank (ANB). At the same time Fitch has revised ...
SABB records nine months profit of SR3,288 million
THE Saudi British Bank (SABB) recorded a net profit of SR3,288 million for the nine months ended Sept. 30. This is a decrease of SR104 million or 3.1% compared to SR3,392 million for the same period in 2015.
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.
Saudi Arabia Said to Hire HSBC Banker to Set Up Debt Office
Al Saif joined the Ministry of Finance on an open-ended secondment from HSBC's Saudi British Bank, the people said, asking not to be identified as the information is private.
Cash Strapped Saudi's To Sell $15 Billion In Bonds  OilPrice.com
Saudi Arabia said to weigh bond sale of up to US$15b  THE BUSINESS TIMES