2021-08-15 | 43001662Added
The Saudi Central Bank updates the annual list of Domestic Systemically Important Banks (D-SIBs) for 2021 based on data as of December 31, 2020, applying a methodology using four weighted indicators: asset size, interconnectedness, complexity, and substitutability. The designated D-SIBs are Al Rajhi Bank, Al Ahli Bank, Riyad Bank, Banque Saudi Fransi, and the Saudi British Bank. This notification serves to inform local banks operating in the Kingdom of the updated classification.
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Saudi Central Bank
Reference: 43001662 Date: 07/01/1443 AH Attachments: None
Circular
Dear Sirs,
Greetings,
Subject: List of Domestic Systemically Important Banks (D-SIBs) for the year 2021.
With reference to Saudi Central Bank Circular No. 351000138356 dated 12/11/1435 AH regarding the methodology for determining Domestic Systemically Important Banks (D-SIBs) and their capital requirements, the Saudi Central Bank wishes to inform you of the updated annual list of Domestic Systemically Important Banks (D-SIBs) for the year 2021. This list was determined based on available data as of December 31, 2020, 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 list of commercial banks for 2021 with systemic importance is as follows:
| No. | Bank |
|---|---|
| 1 | Al Rajhi Bank |
| 2 | Al Ahli Bank |
| 3 | Riyad Bank |
| 4 | Banque Saudi Fransi |
| 5 | Saudi British Bank |
For your information.
Yours sincerely,
Yousef bin Ahmed Al Sheikh General Manager of Banking Supervision
Distribution Scope:
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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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