Fitch affirms Saudi Investment Bank

Fitch Ratings said it affirmed Saudi Investment Bank's long-term issuer default rating at A- and short-term issuer default rating at F2.

The outlook is stable.

The ratings reflect the high probability of support from the Saudi Arabian authorities, if needed, Fitch said.

The ratings also reflect the bank's reasonable franchise, diversification strategy and good asset quality ratios and liquidity, the agency said.

But also takes into account the bank's small market share, rapid recent loan growth and large concentrations in loans and deposits, Fitch said.

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