SABB Ranked Strongest Bank in Saudi Arabia

The Saudi British Bank (SABB) was recently ranked as Saudi Arabia's strongest bank in 2009, according to the most recent publication of The Asian Banker Journal. In addition, the magazine recognized SABB as the seventh strongest bank in the entire region. The assessment calculates business strength on several indicators, including balance sheet growth, risk profile, liquidity, and profitability and asset quality, as well as taking into account banks’ response to the global financial downturn. The Journal noted that size alone rarely indicated the strength of a bank, although SABB does rank among the Kingdom’s top four banks in terms of assets.END