Saudi National Bank (SNB) came into existence from 1st April 2021 following the merger of National Commercial Bank and Samba financial group. The merger has resulted in the creation of the third-largest bank in the GCC region. As with any merger, there is a risk of the synergies not working out as expected. With SNB holding a large portion of its total assets in the corporate side, there would be a pronounced effect on profitability and asset quality compared to banks that are more retail-focused if oil prices are lower.