Investor Presentaiton
Credit Ratings
Strong credit profile
Rating Agency
Saudi Arabia
SNB Ratings
SNB Outlook
Long-term
-O A-
S&P
>
A
Outlook: Stable
BBB+ O
Stable
A-2 o
O A-2
Short-term
2019 2020 2021 2022 2023
Long-term
A- O-
A-
Fitch
A+
Outlook: Stable
Stable
F1 °
Short-term
O F2
2019 2020 2021 2022 2023
Long-term
A1 o
o A1
A1
Moody's
Positive
Outlook: Positive
P-1 o
o P-1
Short-term
2019 2020 2021 2022 2023
Long-term
A+
A+
Capital Intelligence
A+
Outlook: Stable
Positive
A1 o
o A1
Short-term
2019 2020 2021 2022 2023
SNB | 3Q 2023 | Investor Presentation
Sources: SNB, S&P, Fitch, Moody's, Capital Intelligence.
Quotes
SNB
"Key strengths: (1) Leading market position
in Saudi Arabia; (2) Strong capitalization,
supported by stable and predictable
earnings; (3) Balanced risk profile."
"SNB's National Rating is the highest among
Saudi banks as the bank is the largest in the
country and its financial metrics are at the
higher end of the sector."
"SNB's baal BCA reflects the bank's (1)
strong funding and liquidity, underpinned by
its position as Saudi Arabia's largest bank;
and (2) strong solvency, which includes
robust capitalization and resilient
profitability."
"The affirmation of SNB's ratings reflects its
status as the leading Saudi bank. The Bank is
the largest bank in the KSA enjoying
majority government ownership and robust
franchises and market positions..."
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