NCB - Annual Review 2020

عربي

Annual Report 2020

Chairman’s Statement

On behalf of the Board of Directors,
I am pleased to present the Annual Report of the National Commercial Bank for 2020, a year in which NCB continued to maintain its leadership in the Saudi Banking sector, and remained resilient in the face of challenging market conditions.

98.6%

Digital banking leadership

Digital financial transaction migration reached 98.6%

73.5bn

Helping families to buy homes

The Bank’s growth in profitability was driven by a 99% increase in the residential finance portfolio.

1st

Supporting entrepreneurs

NCB ranked first in the new Kafalah 95 program; a loan guarantee program dedicated to Covid-19 to finance MSMEs.

68.7bn

Current and call accounts

Successful strategy execution led to growth in current and call accounts of SAR 68.7bn, an increase of 27%.

9,000

Caring in times of crisis

We distributed 9,000 food baskets in 9 regions across the Kingdom to needy people during the Covid-19 period.

53.5mn

Supporting national efforts

The Bank donated SAR 53.5 million to the Saudi Health Endowment Fund and the Community Fund.

Promoting Saudi Talent, and Empowering Women

Our Saudization rate reached 98.6%, women constituted 22.7% of our new hires in 2020.

Financial Highlights

UNLOCKING
GREATER
VALUE FOR
SHAREHOLDERS

SAR

Record profits for the eighth consecutive year, rising 0.35% to SAR 11.44 billion, driven by our relentless focus on residential finance and digitization.

Financing and Advances, Net SAR bn

Customers’ Deposit SAR bn

Equity Attributable to Shareholders of The Bank* SAR bn

*Excluding Tier 1 Sukuks

Net Income after Zakat and Tax Attributed to Equity Holders of The Bank SAR bn

Chief Executive Officer’s Message

During the year NCB demonstrated its ability to execute on its ambitious agenda and deliver on its aspirations, even in the face of rapidly emerging circumstances such as those seen in 2020.

Chairman’s Statement

Operational Highlights

Financial Highlights

Chief Executive Officer’s Message

Grow

We Help People Prosper
Through Change

The NCB and Samba
merger will create a
regional banking
powerhouse

We Help People Prosper
Through Change

Customers benefitted
from seamless
continuity of banking
services during Covid-19

Support

We Help People Prosper
Through Change

Employee care and
protection ranked top
Covid-19 priority

We Help People Prosper
Through Change

Covid-hit community receives far-reaching support

Empower

Annual Report 2020

Chairman’s Statement