Saudi bank merger lowers RBS’s credit RWAs
Standardised credit RWAs fall 23% quarter-on-quarter
The tie-up between Middle East lenders Saudi British Bank (SABB) and Alawwal Bank allowed RBS to shed £4.6 billion ($5.6 billion) of credit risk-weighted assets in the second quarter of this year.
The UK bank owned a 15% stake in Alawwal, which was transformed into a 4% holding in SABB on completion of the merger on June 16. The switch around changed the RWA make-up of NatWest Markets, which
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