...The Long-Term Issuer Default Ratings (IDRs) and National Rating of Arab National Bank (ANB) are driven by potential support from the Saudi Arabian authorities, as reflected by its Government Support Rating (GSR) of 'a-'. ANB's GSR is in line with the domestic systemically important banks' GSR, reflecting Fitch Ratings' view of the Saudi authorities' strong ability and willingness to support domestic banks irrespective of size, franchise, funding structure and level of sovereign ownership. ANB's Viability Rating (VR) reflects the bank's reasonable domestic franchise and balanced business model, with good market shares; strong capitalisation; sound funding, liquidity and asset-quality metrics; and reasonable profitability. It also reflects high concentration risks. Conflict Poses Operating Environment Risks: Fitch Ratings expects operating conditions to remain healthy for Saudi banks in 2026 despite the ongoing regional military conflict. In line with our expectations, the regional conflict...
