2017 Annual Report
About The National Commercial Bank (NCB)

The National Commercial Bank (NCB) is the largest financial institution in Saudi Arabia. Since its establishment in 1953, the NCB has been seen as a trusted partner in both business and private life and as a symbol of innovation and leadership. The name NCB comes from “Alahli”, which means national, in its Arabic name “Bank Alahli”.

The NCB’s 64-year long story of growth and development is a reflection of Saudi Arabia’s progress towards contemporary civilization and continuous improvement. Today, the NCB commands a significant reputation in the eyes of its customers with approximately 5 million customers and successful business partnerships. The NCB responds to the needs of its customers with its range of products and services, innovative solutions offered to customers and technologies that enhance the customer experience.

In 2014, the public offering of 25% of the NCB’s shares marked the start of a new era for the Bank. The Bank has now started to share its gains from a wide array of projects in the sector and from the growth with its investors.

In 2008, the NCB undertook its first international acquisition and became the dominant partner of Türkiye Finans, one of Turkey’s leading participation banks. The NCB holds a 67.03% stake in Türkiye Finans.

In 2017, the NCB was operating with 400 branches in Saudi Arabia and more than 8,000 employees in Islamic Banking. With 3,432 ATMs located throughout Saudi Arabia, the NCB successfully carries out 96% of customer transactions through alternative distribution channels.

Among the first Saudi companies to implement Corporate Governance Principles, the NCB was the first bank to obtain the “International Business Continuity Management Certificate” in Saudi Arabia. The Bank also remains a leader in Corporate Social Responsibility. Within this scope, the Bank carries out a business opportunity program in which it provides consultancy and fund support to entrepreneurs.

The NCB is one of the largest banks in the Arabian finance world. As of the end of 2017, the bank commanded SAR 444 billion (USD 118 billion) of assets, while it wrote a net profit of SAR 9.8 billion (USD 2.6 billion) in the same period. The bank recorded earnings per share of SAR 4.74 (USD 1.26) in 2017.

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