...Standalone Strengths Drive Ratings : The Issuer Default Ratings (IDRs) of the National Commercial Bank (NCB) reflect its standalone credit profile as indicated by its V iability Rating (VR), and are underpinned by an extremely high probability of support from the Saudi authorities (A+/Stable). NCB's VR reflects its strong company profile, diversified earnings and sound retail funding base. The bank's VR also considers risks of the broader economic environment, w hich is currently stable, and the bank's moderate exposure to Turkey. Strong Com pany Profile: NCB's VR is highly influenced by its strong franchise and diversified business model. NCB is one of Saudi Arabia's tw o leading banks, w ith a market share of domestic credit of 16% at end-2017. NCB is the kingdom's leading corporate lender and second-largest retail lender. Diverse Earnings Base: NCB's company profile helps to drive strong and consistent earnings, w hich are more diversified than domestic peers', in Fitch Ratings' view...
