Fitch affirms Saudi British Bank

Fitch Ratings said it affirmed Saudi British Bank's long-term issuer default rating at A, along with its viability rating at A.

The outlook is stable.

The ratings reflect the bank's consistent profitability, comfortable liquidity and adequate capital position, Fitch said.

The ratings also consider the bank's strong franchise and the benefits of being an associate bank of HSBC Holding plc and the managerial and specialized expertise provided to the bank under a technical services agreement, the agency said.

The ratings also reflect the concentrations in the loan book and operating environment, Fitch said.

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