National Commercial Bank - Moody's Global Credit Research

National Commercial Bank

National Commercial Bank - Moody's Global Credit Research
National Commercial Bank
Published May 22, 2016
7 pages (4432 words) — Published May 22, 2016
Price US$ 250.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Category Moody's Rating Outlook Stable Bank Deposits A1/P-1 Baseline Credit Assessment baa1 Adjusted Baseline Credit Assessment baa1 Counterparty Risk Assessment A1(cr)/P-1(cr)...

  
Report Type:

Credit Opinion

Company:
Issuer
National Commercial Bank
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National Commercial Bank: Update to Credit analysis - Credit Opinion – 2017/09/28 – US$ 250.00 – ...We assign A1/P-1 deposit ratings to National Commercial Bank (NCB). These ratings capture the bank's Baseline Credit Assessment (BCA) of baa1 and three notches of uplift from government support. This uplift reflects our view of a very high likelihood of support for NCB from Saudi Arabia government(A1 stable), if needed. We have also assigned a Counterparty Risk Assessment of A1(cr)/P-1(cr). NCB's baa1 BCA reflects its (1) resilient funding and strong liquidity buffers, underpinned by Saudi Arabia's largest deposit franchise; and (2) overall strong solvency, which includes its capitalisation and profitability. These strengths are moderated by systemic issues of large funding and credit concentrations, combined with sustained asset quality downside risks, in a context of softening operating conditions in both Saudi Arabia and Turkey were NCB also operates....

National Commercial Bank: Key Facts and Statistics - Q1 March 2017 - Company Profile – 2017/08/02 – US$ 200.00 – ...National Commercial Bank (NCB) is a commercial bank in Saudi Arabia. As of 31 March 2017, the bank had a market share of around 20%, based on its total consolidated assets of SAR448.7 billion ($119.7 billion). As a full-service commercial bank, NCB provides consumer, private, corporate, international and Islamic banking services, as well as treasury, credit cards, and capital market products and services, to retail, small and medium-size enterprise (SME), and corporate customers. While the bank operates mainly in Saudi Arabia, it also has operations in Bahrain, Lebanon...

National Commercial Bank: Semiannual Update - Credit Opinion – 2017/04/12 – US$ 250.00 – ...Moody's assigns A1/P-1 deposit ratings to National Commercial Bank (NCB) based on the bank's baseline credit assessment (BCA) of baa1 and our view of a very high likelihood of government support, if needed. Moody's has also assigned a Counterparty Risk Assessment of A1(cr)/P-1(cr). NCB's baa1 BCA reflects its (1) resilient funding and strong liquidity buffers, underpinned by Saudi Arabia's largest deposit franchise; and (2) overall strong solvency, including capitalisation and profitability. These strengths are moderated by systemic issues of large funding and credit concentrations, while asset quality risks remain given the prolonged low oil prices in Saudi Arabia and challenges faced by its Turkish subsidiary from a deteriorating operating environment....

National Commercial Bank: Update to Capture 1H 2016 Results and More Challenging Operating Conditions - Credit Opinion – 2016/10/14 – US$ 250.00 – ...Moody's assigns A1 long term global local currency and foreign currency deposit ratings to National Commercial Bank (NCB). The ratings are based on the bank's overall baseline credit assessment (BCA) of baa1 and our view of a very high likelihood of government support, if needed. Moody's also assigned a Counterparty Risk Assessment of A1(cr)/P-1(cr). NCB's baa1 BCA reflects its (1) resilient funding profile and strong liquidity buffers, underpinned by Saudi Arabia's largest deposit franchise, although system-wide liquidity is tightening; and (2) overall strong solvency position, including capitalisation and profitability. These strengths are moderated by systemic issues of large funding and credit concentrations. In addition, asset quality risks arise from increased (1) pressure on the Saudi construction sector, due to a slowing economy and reduced government spending; and (2) challenges faced by its Turkish subsidiary that are compounded by the deteriorating environment....

National Commercial Bank - Company Profile – 2016/07/27 – US$ 200.00 – ...National Commercial Bank (NCB) is a commercial bank in Saudi Arabia. As of 31 March 2016, the bank had a market share of 20.4%, based on its total consolidated assets of SAR453.3 billion (USD120.9 billion). As a full-service commercial bank, NCB provides consumer, private, corporate, international and Islamic banking services, as well as treasury, credit cards, and capital market products and services, to retail, small and medium-size enterprise (SME), and corporate customers. While the bank operates mainly in Saudi Arabia, it also has operations in Bahrain, Lebanon, South Korea, China, Singapore and Turkey. ...

National Commercial Bank - Company Profile – 2015/10/12 – US$ 200.00 – ...National Commercial Bank (NCB) is a commercial bank in Saudi Arabia. As of 30 June 2015, the bank had a market share of 20.9%, based on its total consolidated assets of SAR461.4 billion (USD123.0 billion). As a full-service commercial bank, NCB provides consumer, private, corporate, international and Islamic banking services, as well as treasury, credit cards and capital market products and services, to retail, small and medium-size enterprise (SME) and corporate customers. While NCB operates mainly in Saudi Arabia, it also has operations in Bahrain, Lebanon, South Korea, China, Singapore and Turkey. NCB was established in 1938 as a money-changing operation. In the early 1950s, it obtained a banking licence to become the first bank established in Saudi Arabia. In 1997, it became a Saudi joint-stock company. In 1999, the government acquired a majority stake in NCB, through the Ministry of Finance's Public Investment Fund (PIF). ...

National Commercial Bank - Company Profile – 2014/11/25 – US$ 200.00 – ...National Commercial Bank (NCB) is a commercial bank in Saudi Arabia. The bank has a market share of 21.6%, based on its total consolidated assets of SAR435.5 billion (USD116.1 billion) as of 30 June 2014. As a full-service commercial bank, NCB provides consumer, private, corporate, international and Islamic banking services, as well as treasury, credit cards and capital market products and services, to retail, small and medium-sized enterprise (SME) and corporate customers. While NCB operates mainly in Saudi Arabia, it also has operations in Bahrain, Lebanon, Seoul, Shanghai, Singapore and Turkey. NCB was established in 1938 as a money-changing operation. In the early 1950s, it obtained a banking licence to become the first bank established in Saudi Arabia. In 1997, it became a Saudi joint-stock company. In 1999, the government acquired a majority stake in NCB, through the Ministry of Finance's Public Investment Fund (PIF). ...

National Commercial Bank - Banking Statistics – 2013/11/12 – US$ 750.00

National Commercial Bank - Company Profile – 2013/10/27 – US$ 200.00 – ...National Commercial Bank (NCB), a major commercial bank in Saudi Arabia, has a market share of 20.2%, based on its total consolidated assets of SAR358.1 billion (USD95.5 billion) as of 31 March 2013. In terms of total capital, it is one of the largest banks in the Arab world. NCB is a full-service commercial bank that provides consumer, private, corporate, international and Islamic banking services, as well as treasury, credit cards and capital market products and services, to retail, small and medium-sized enterprise (SME) and corporate customers. While NCB operates mainly in Saudi Arabia, it also has operations in Bahrain, Lebanon, Seoul, Singapore and Turkey. NCB was established in 1938 as a money-changing operation. In the early 1950s, it obtained a banking licence to become the first bank established in Saudi Arabia. In 1997, it became a Saudi joint-stock company. In 1999, the government acquired a majority stake in NCB, through the Ministry of Finance's Public Investment Fund (PIF)...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Cite this Report

  
MLA:
Moody's Global Credit Research. "National Commercial Bank" May 22, 2016. Alacra Store. Oct 23, 2017. <http://www.alacrastore.com/moodys-credit-research/National-Commercial-Bank-COP_600017634>
  
APA:
Moody's Global Credit Research. (). National Commercial Bank May 22, 2016. New York, NY: Alacra Store. Retrieved Oct 23, 2017 from <http://www.alacrastore.com/moodys-credit-research/National-Commercial-Bank-COP_600017634>
  
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