The National Commercial Bank was the first Saudi bank to be licensed in the Kingdom. It is the largest in Saudi Arabia and a leading financial institution in the Region. The Bank initiated its business under the name of ‘‘The National Commercial Bank’’ following the Royal Decree on 20 Rabi Thani 1373H (26 December 1953). In 1999, the Government through the Ministry of Finance's Public Investment Fund (PIF) acquired a majority holding in the Bank.
Financial Indicators:
• NCB is one of the largest Banks in the Arab world. The Bank’s paid-up capital is SR 20,000 million (US$ 5,333 million)
• Total assets at year-end 2014 totaled SR 434,878 million (US$ 115,967 million)
• Net profit for year 2014 totaled SR 8,655 million (US$ 2,308 million).
• Shareholders’ equity at year-end 2014 totaled SR 45,214 million (US$ 12,057 million)
• Return on average Shareholder’s equity for fiscal year 2014 amounted to 20.1%
• Earning per share for year 2014 amounted to SR 4.34 (US$ 1.16)
Key Facts & Figures at Year-end of 2014:
• The Bank operates 342 branches in the Kingdom, dedicated exclusively to Islamic Banking services
• Total customers have now surpassed more than 4 million clients.
• Total manpower in KSA reached 7,515, 94.5% of which are Saudis.
• By year end the bank had operated 2,643 ATMs throughout the Kingdom.
• Over 91% of customer transactions had been successfully executed through alternative delivery channels during year 2014.
• NCB is considered from among the first Saudi companies that implemented the principle of Corporate Governance and the first bank in Saudi Arabia to receive International Certification on Business Continuity Management.
• The Bank also maintained its leadership in corporate social responsibility. A number of new programs were launched to enhance NCB’s strategic partnerships and geographic coverage. Various initiatives included job opportunity programs to provide entrepreneurs with knowledge, support, and benevolent loans.
