Al Rajhi Bank - S&P Global Ratings’ Credit Research

Al Rajhi Bank

Al Rajhi Bank - S&P Global Ratings’ Credit Research
Al Rajhi Bank
Published Mar 27, 2013
3231 words — Published Mar 27, 2013
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Leading domestic retail customer franchise. High systemic importance in Saudi Arabia. Supportive capital and profitability metrics. Low geographic diversification and potentially volatile conditions in the domestic oil-related economy. Structural maturity mismatches. Risk concentration in the corporate loan book. The stable outlook on Saudi Arabia-based Al Rajhi Bank reflects Standard&Poor's Ratings Services' expectation that the bank will preserve its very strong capital position and unchallenged domestic market position in retail banking in the next few years. We would raise the ratings on Al Rajhi Bank if we were to reassess its stand-alone credit profile (SACP) at 'a+' and raise the ratings on Saudi Arabia (Kingdom of Saudi Arabia; AA-/Stable/A-1+). An upgrade of the bank, although unlikely at this stage,

  
Brief Excerpt:

RESEARCH Al Rajhi Bank Publication date: 27-Mar-2013 Primary Credit Analyst: Nicolas Hardy, PhD, Paris (33) 1-4420-7318; nicolas_hardy@standardandpoors.com Secondary Contact: Paul-Henri M Pruvost, Dubai (971) 04-372-7175; paul-henri_pruvost@standardandp...

  
Report Type:

Full Report

Ticker
RJHI@AB
Issuer
Al Rajhi Bank
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Saudi Arabia
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Al Rajhi Bank" Mar 27, 2013. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Al-Rajhi-Bank-1103969>
  
APA:
S&P Global Ratings’ Credit Research. (). Al Rajhi Bank Mar 27, 2013. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Al-Rajhi-Bank-1103969>
  
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