Financial Institutions

The Financial Institutions Group (FIG) serves as the bank’s dedicated platform for managing relationships with domestic and international banks, non-banking financial institutions, insurance companies and other counterparties. The department plays a critical role in strengthening the bank’s global connectivity, liquidity management, and cross-border capabilities.

FIG is responsible for establishing and maintaining correspondent banking relationships, facilitating trade finance, treasury, and settlement activities, and ensuring seamless access to international financial markets. The team actively supports the bank’s business lines through structured interbank arrangements, and participation in global financial networks.

A core focus of the department is comprehensive counterparty risk assessment, including KYC/CDD reviews, credit evaluations, and ongoing monitoring in line with regulatory requirements and international best practices. The FIG works closely with Risk Management, Compliance, Treasury, and Trade divisions to ensure prudent risk governance and operational efficiency.

Through strong relationships, disciplined risk management, and a deep understanding of global banking dynamics, the FIG strengthens the bank’s market credibility, enhances its international presence, and supports sustainable growth across all business segments.

Apart from working with and having correspondent banking arrangements with most large multinational banks, SBL’s FI team also works towards developing synergies with our parent, The Saudi National Bank (SNB), mainly to provide a platform for our clients to facilitate their business worldwide in general and through the Gulf countries in particular by leveraging SNB’s strength in the region.

SNB’s impressive long-term and short-term credit ratings are as follows:

Moody’s: Aa3/P1

Standard & Poor's: A/A1

Fitch: A-/F2

SNB is the largest financial institution in the Kingdom of Saudi Arabia and one of the leading banks in the Middle East. Headquartered in Riyadh, SNB offers a comprehensive range of conventional and Islamic banking, investment, and treasury services, supported by a strong balance sheet and robust capital base. Backed by high international credit ratings and an extensive regional and global presence, SNB provides strategic strength, governance expertise, and international credibility to its subsidiaries.