Above average funding and strong liquidity. Strong capitalization, supported by sound preprovision earnings capacity. High likelihood that the Saudi government would provide extraordinary support to the bank in the event of financial distress. Concentration risks in the lending book. Commercial lending operations increasingly exhibit credit risks due to the fast expansion of its operations in Turkey. Resilient revenue generation but expected outlying growth pattern overseas. The stable outlook on Saudi Arabia-based The National Commercial Bank (NCB) reflects Standard&Poor's Ratings Services' expectation that, all other things being equal, NCB will manage to sustain strong capitalization levels and contain credit risks stemming from a stated outlying risk appetite in terms of growth, both domestically and in Turkey. We also believe
