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Saudi British Bank (SABB) has been named the "Best Bank in Saudi Arabia" for the current year, from the internationally renowned banking magazine Euromoney. The award is given as part of the magazine’s annual Excellence Awards events to honor the best financial institutions around the world.
SABB received this award based on its positive results in several areas, the foremost of which are profitability, growth, geographical coverage, expanding the circle of strategic partnerships, implementing digital banking plans, as well as the ability to adapt to changing market conditions, especially in light of the Corona pandemic.
On this occasion, Mr. Tony Cripps, Managing Director of SABB, commented: "We are delighted to be named “Best Bank in Saudi Arabia” by Euromoney, especially under the current challenging environment. SABB is committed to providing its customers with the best banking experience while also introducing initiatives and products that continue to address the objectives of the Kingdom's Vision 2030.”
“Following the completion of our historic merger, we have gotten stronger, and we are fully prepared for the future with its opportunities in light of the great developments witnessed by the Saudi market in various fields". Mr. Cripps added.
Notably, SABB is one of four banks selected by the Saudi Central Bank to participate in a pilot scheme to advance digital finance and innovation across the Kingdom. SABB also revealed its participation in creating a business platform and a new electronic channel that meets the needs of small and medium-sized businesses, local businesses and government agencies.
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About Saudi British Bank (SABB):
Saudi British Bank (SABB) is a financial institution licensed and subject to the supervision control of the Central Bank of Saudi Arabia. SABB was incorporated in 1978G as a Saudi joint stock company, and it is an affiliate of HSBC Group.
SABB provides integrated financial and banking services, such as retail banking, corporate and investment banking, private banking, and treasury services. SABB's paid-up share capital is SAR 20.5 billion.
© Press Release 2021
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