2017-05-02 | 381000082448Added
The Saudi Arabian Monetary Authority publishes the annual list of Domestic Systemically Important Banks (D-SIBs) for 2017, determined based on data available as of December 31, 2016. The designation utilizes four weighted indicators: asset size, interconnectedness, complexity, and substitutability. The designated entities are Alahli Commercial Bank, Samba Financial Group, Al Rajhi Bank, Banque Saudi Fransi, Riyad Bank, and the Saudi British Bank.
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In the Name of Allah, the Most Gracious, the Most Merciful Saudi Arabian Monetary Authority Headquarters
Banking Policies Department
Reference No.:
Attachments:
Circular
To Whom It May Concern,
Greetings,
Subject: List of Domestic Systemically Important Banks (D-SIBs) for the year 2017.
With reference to the Authority's Circular No. 351000138356 dated 12/11/1435H regarding the methodology for identifying Domestic Systemically Important Banks (D-SIBs) and their capital requirements, the Authority wishes to inform you of the updated annual list of Domestic Systemically Important Banks (D-SIBs) for the year 2017. This list was determined based on data available as of December 31, 2016, and in accordance with the methodology approved by the aforementioned circular. Four indicators with different weights were used: asset size, interconnectedness, complexity, and substitutability. The following is the list of commercial banks designated as Systemically Important for 2017:
| No. | Bank |
|---|---|
| 1 | Alahli Commercial Bank |
| 2 | Samba Financial Group |
| 3 | Al Rajhi Bank |
| 4 | Banque Saudi Fransi |
| 5 | Riyad Bank |
| 6 | Saudi British Bank |
In case of any inquiries, you may contact Mr. Salman Al-Obeid (salobied@sama.gov.sa)
Yours faithfully,
Thamer bin Mohammed Al-Issa
General Manager of Banking Supervision
Distribution Scope:
P.O. Box 2992, Riyadh 11169, Telegram Address: Markazi, Fax 404400, Tel 4633000, Fax 4662414
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Source: Saudi Central Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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