...Institutional Support Drives IDRs: Turkland Bank A.S.'s (T-Bank) IDRs and National Rating are driven by potential support from entities within the Arab Bank Group (AB Group). Potential providers of support include Arab Bank PLC (ABPlc; `BBB- Negative'), which controls 33% of T- Bank, and its sister bank, Arab Bank (Switzerland) Ltd (not rated by Fitch Ratings), which controls 17%. The remaining 50% ownership is held by BankMed Sal (BankMed; unrated). Fitch Ratings believes T-Bank is strategically important to AB Group but recognizes that it is not majority-owned by any one AB Group entity and that size is modest in relation to the group. T-Bank's Long-Term IDR, which is notched down twice from ABPlc's, benefits from AB Group's strong track record of capital support and its commitment to grow T-Bank. Shareholders are represented on the board and participate in key committees. The Outlook on T-Bank's IDRs reflects that of ABPlc. Limited Franchise: T-Bank's limited franchise constrains the...
