Report
EUR 159.06 For Business Accounts Only

Moody's: Saudi Arabia's big-5 banks could face further profitability pressures as government tightens spending

Announcement: Moody's: Saudi Arabia's big-5 banks could face further profitability pressures as government tightens spending. Global Credit Research- 09 Aug 2017. Limassol, August 09, 2017-- Profitability at the five largest Saudi banks could be pressured going into 2018 as lower government spending impacts negatively on economic growth, in turn dampening credit demand and weakening corporate, and to a lesser extent, consumer borrowers' ability to repay debt, says Moody's...
Underlying
National Commercial Bank CJSC

National Commercial Bank SJSC. National Commercial Bank SJSC is a Saudi Arabia-based bank. It operates under the following segments: Retail, which provides banking services, including lending and current accounts in addition to products in compliance with Shariah rules, to individuals and private banking customers; Corporate, which provides banking services including conventional credit-related products and financing products in compliance with Shariah rules to small sized businesses, medium and large establishments and companies; Treasury, which provides a range of treasury and correspondent banking products and services, including money market and foreign exchange, to the Group's clients, in addition to carrying out investment and trading activities and managing liquidity risk, market risk and credit risk; Capital Market, which provides wealth management, asset management, investment banking and shares brokerage services, as well as International, which comprises banking services provided outside Saudi Arabia.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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