...June 15, 2022 - In our view, Saudi National Bank (SNB) will continue to benefit from its leading market position in Saudi Arabia, generating stable and predictable earnings. - SNB's strong capitalization provides good capital buffers to absorb any unexpected increase in credit losses. - We affirmed our 'A-/A-2' ratings on SNB and its debt, as well as our 'gcAAA' GCC regional scale rating and 'ksaAAA' Saudi Arabia national scale rating. - The stable outlook reflects our expectations that SNB will maintain solid capitalization while keeping risks associated with lending growth in check. DUBAI (S&P Global Ratings) June 15, 2022--S&P Global Ratings today affirmed its 'A-/A-2' long- and short-term issuer credit on Saudi National Bank (SNB) and our issue ratings on its debt. The outlook on the long-term rating is stable. We also affirmed our 'gcAAA' GCC regional scale rating and 'ksaAAA' Saudi Arabia national scale rating. We expect SNB's financing book to continue expanding amid opportunities...
