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. Increasing 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 12-24 months. A downgrade of NCB appears unlikely in the next 12-24 months because it would follow a simultaneous downgrade of Saudi Arabia, if one were to occur, and a downward revision in our stand-alone credit profile (SACP) assessment for the bank. We could lower the bank's SACP if we saw a decrease in the bank's
