Rule · SAMA · 2 May 2018 · 391000089191
The Saudi Arabian Monetary Authority publishes the annual list of Domestic Systemically Important Banks (D-SIBs) for 2018, identifying six commercial banks based on data as of December 31, 2017. The designation follows the methodology outlined in Circular No. 351000138356, utilizing four weighted indicators: asset size, interconnectedness, complexity, and substitutability. The designated institutions are the National Commercial Bank, Samba Financial Group, Al Rajhi Bank, Riyad Bank, Banque Saudi Fransi, and the Saudi British Bank.
In the Name of Allah, the Most Gracious, the Most Merciful
Saudi Arabian Monetary Authority
Headquarters
Banking Policies Department
Ref No.:
Attachments: None
Circular
To:
Peace, mercy, and blessings of Allah be upon you,
Subject: List of Domestic Systemically Important Banks (D-SIBs) for the year 2018.
With reference to the Authority's Circular No. 351000138356 dated 12/11/1435 AH 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 2018. This list was determined based on available data as of December 31, 2017, and in accordance with the approved methodology as per the aforementioned circular. Four indicators with different weights were used: Asset Size, Interconnectedness, Complexity, and Substitutability. The following is the list of commercial banks for 2018 designated as Systemically Important:
| No. | Bank |
|---|---|
| 1 | National Commercial Bank |
| 2 | Samba Financial Group |
| 3 | Riyad Bank |
| 4 | Banque Saudi Fransi |
| 5 | Saudi British Bank |
| 6 | Al Rajhi Bank |
In case of any questions or inquiries, you may contact Mr. Salman Al-Obeid or Mr. Mohsen Al-Mohsen (salobied@sama.gov.sa) (aalmohsen@sama.gov.sa).
Accept my regards,
Yeried bin Ahmed Al-Sheikh
General Manager of Banking Supervision
Distribution Scope:
Local banks operating in the Kingdom
P.O. Box 2992, Riyadh 11169, Telegram Address: Markazi, Tel: 4633000, Fax: 4662414 Al-Mohsen
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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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