Regulatory Alerts2023-02-26
List of Domestic Systemically Important Banks (D-SIBs) 2023
The Saudi Central Bank has designated five domestic financial institutions—Alahli Bank, Al Rajhi Bank, Riyad Bank, Saudi British Bank, and Saudi French Bank—as Domestic Systemically Important Banks (D-SIBs) for 2023 based on year-end 2022 financial data. This designation applies the established capital adequacy methodology from Circular No. 351...138356, requiring these banks to maintain higher capital buffers to mitigate systemic risk across the Kingdom's financial sector. The official list is distributed to all local banks operating within Saudi Arabia for immediate compliance and regulatory awareness.
Saudi Central Bank
44062624: Reference Number
1444 08 06: Date
None: Attachments
Circular
To: Respected Banks, Peace, mercy and blessings of God be upon you.
Subject: List of Domestic Systemically Important Banks (D-SIBs) for the year 2023.
With reference to Saudi Central Bank Circular No. (351... 138356) dated 12/11/1435H regarding the methodology for determining Domestic Systemically Important Banks (D-SIBs) and their capital requirements.
You will find below the list of Domestic Systemically Important Banks (D-SIBs) for 2023, identified based on available data as of December 31, 2022, and in accordance with the approved methodology per the aforementioned circular:
| No. | Bank |
|---|---|
| 1 | Alahli Bank |
| 2 | Al Rajhi Bank |
| 3 | Riyad Bank |
| 4 | Saudi British Bank (SABB) |
| 5 | Saudi French Bank (BNSF) |
For your information. Yours sincerely,
Yazeed bin Abdul Hamid Al-Nufjan
General Manager of Banking Supervision
Distribution Scope:
- Local banks operating in the Kingdom
Ad-Duwair - Al-Harish
P.O. Box 2992 Riyadh 11169, Kingdom of Saudi Arabia Tel: +966 11 463 3000
P.O. Box 2992, Riyadh 11169 Kingdom of Saudi Arabia Tel: +966 11 463 3000
Saudi Central Bank
SAMA
Saudi Central Bank