The First Saudi Bank 

A true innovator, NCB offered the first credit cards, the first automated teller machines, the first savings schemes for students, and the first exclusive branches for ladies. 

A Beginning 
The National Commercial Bank was formed in 1953 by Royal Decree as a general partnership, resulting from the merger of Saudi Arabia’s largest currency houses: Saleh and Abdulaziz Kaki, and the Salem bin Mahfouz Company. The two businesses joined to form the first officially recognised Saudi bank.

A Step Ahead 
In 1979, NCB became the first Saudi bank to launch a mutual fund, and has led innovations in real estate and auto finance. Since then, we have pioneered the development of many Shariah compliant financial services that now meet the needs of almost 2 million customers.

Continued Growth 
In 1997, NCB was converted to a joint stock company and, since 1999, shareholding has been divided between two government institutions – the Public Investment Fund and the General Organization for Social Insurance – along with a number of Saudi investors.  

NCB has grown to become one of the largest banks in the Arab world, with total assets exceeding SAR 209 billion, and customer deposits standing at SAR 142 billion. 

Driving Innovation  
Today, NCB has 264 branches in the Kingdom, as well as 1,180 ATMs, and 10,750 point-of- sale terminals. Technologically, we lead the way in internet banking, with e-services for retail, commercial, and corporate customers. We also launched the first mobile phone banking and SMS services.