Summary: The National Commercial Bank

Leading business position with some geographic diversification. Strong capitalization, supported by sound pre-provision earnings capacity. Supportive funding and liquidity profile. Concentration risks in the lending book. Credit risks stemming from operations in Turkey. S&P Global Ratings' stable outlook on Saudi Arabia-based The National Commercial Bank (NCB) primarily reflects its view that the bank's business and financial profiles will remain resilient over the next 24 months. We would raise our ratings on NCB over the next 24 months if the bank demonstrated resilient asset quality indicators, with lower credit losses than peers. A downgrade of NCB seems unlikely in the next 24 months. However, it could occur if we were to downgrade Saudi Arabia, and if this was coupled with a

...Credit risks stemming from operations in Turkey. Outlook: Stable S&P Global Ratings' stable outlook on Saudi Arabia-based The National Commercial Bank (NCB) primarily reflects its view that the bank's business and financial profiles will remain resilient over the next 24 months. We would raise our ratings on NCB over the next 24 months if the bank demonstrated resilient asset quality indicators, with lower credit losses than peers. A downgrade of NCB seems unlikely in the next 24 months. However, it could occur if we were to downgrade Saudi Arabia, and if this was coupled with a sharp fall in NCB's capitalization, with our risk-adjusted capital (RAC) ratio dropping below 10%....

Summary